Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres (GCF-FP146)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Specific Location
Región Autónoma de la Costa Caribe Norte (RACCN), la Región Autónoma de la Costa Caribe Sur (RACCS),
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
A
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
Nov 12, 2020
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
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 64.00 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)
$ 37.90 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)
$ 26.10 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)
$ 115.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Oct 21, 2020

Disclosed by Bank Jun 23, 2020


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Project Description

According to the proposing entity: The Project seeks to reduce emissions generated by deforestation, forest degradation and livestock, while increasing carbon stocks in the Caribbean Region of Nicaragua. Its objective is to generate benefits for local communities through sustainable and productive land uses.

The project's risk level has been rated as “high” due to the work with indigenous communities and non-indigenous settlers, and the social conflict in the project region.

The project has three main components:
• Conserve and produce for life: Investments for the sustainable restoration of the landscape and the management of natural resources. This stage will involve providing communities and farmers with skills, technical assistance, incentives, and market access to improve their livelihoods while restoring and conserving natural resources.
• Good government: Strengthening of regional and local environmental authorities, including the governments of indigenous territories. This stage includes the facilitation of dialogue mechanisms to improve the business climate, aiming at sustainable investment by the private sector.
• Development of capacities for the productive restoration of the landscape and the conservation of forests: Training and capacity building for technical personnel, tools and instruments for environmental monitoring. This stage also includes awareness campaigns and public environmental education.

Investment Description
  • Green Climate Fund (GCF)
Contact Information

CABEI has a redress mechanism available at: https://www.resguarda.com/BCIE/inicio/bcie_es.html