Ecosystem-based Adaptation to increase climate resilience in the Central American Dry Corridor and the Arid Zones of the Dominican Republic (GCF-FP174)

Countries
  • Costa Rica
  • Dominican Republic
  • El Salvador
  • Guatemala
  • Honduras
  • Nicaragua
  • Panama
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
Central American Bank for Economic Integration (CABEI)
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)
Grant, Guarantee, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 174.30 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)
$ 60.00 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)
$ 84.30 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)
$ 268.40 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

The objective of this project is to contribute to transforming the Dry Corridor region, one of the most affected by climate change in the world, facilitating access to micro-financing for adaptation to vulnerable communities. The focus of the sub-projects will be the recovery of ecosystem services that cushion the impacts of climate change and the creation of market opportunities so that small-scale financial entities can play a multiplying role in climate action.
There will be indigenous peoples involved only in Guatemala.
The Environmental and Social Management Framework of the Project says that during the execution of the project, the information, analysis and safeguards mechanisms must be complemented in a much more profound way and that a specific Stakeholder Involvement Plan must be carried out for each one of the project's basins.

Investment Description

Contact Information

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