The Amazon Bioeconomy Fund: Unlocking private capital by valuing bioeconomy products and services with climate mitigation and adaptation results in the Amazon (GCF-FP173)

Countries
  • Brazil
  • Colombia
  • Ecuador
  • Guyana
  • Peru
  • Suriname
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 4, 2021
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Inter-American Development Bank
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 279.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 135.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 137.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 598.10 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Sep 28, 2021

Disclosed by Bank Sep 14, 2021


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Project Description

Fund to finance investment projects that will improve the bioeconomy in the Amazon, that is, the valuation of natural capital, allowing “bio-companies” to invest in reducing GHG emissions in the Amazon. The objective is to generate positive economic, climatic and social impacts by taking advantage of the variety of biological and genetic resources of the Amazon, the diverse productive landscapes and sustainable forestry.
The Fund will create 2 complementary components:
1. investment funds in bioeconomy and
2. access to private capital markets through green bond issues.
These components will be implemented through:
• concessional financing,
• performance-based incentives, and
• Technical assistance to increase the institutional capacity of ministries, National Development Banks, local concessionaires, development of standardized eligibility frameworks and assessment and structuring of bioeconomy funds.
The subprojects will be subject to preliminary evaluations and environmental and social management in line with IDB policies.
Indigenous peoples are involved and the program includes an explanation of how their voices will be incorporated and a reference to the stakeholder engagement plan.

Investment Description

Contact Information

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