Compensation Mechanism for Carbon Capture in Soil by Farmers (IADB-ME-M1101)

Countries
  • Mexico
Where the impacts of the investment may be experienced.
Specific Location
Sierra Gorda, Querétaro
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
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
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
Sep 25, 2015
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
El Grupo Ecológico Sierra Gorda
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.85 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)
$ 1.86 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 @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jan 15, 2016


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Project Description
Desertification is the result of an unsustainable use of land and is exacerbated by climate variations. It limits land productivity and its ability to provide environmental services. The Project aims to address this problem by building capacity in smallholder farmers in the Sierra Gorda, so that they can implement a holistic management in their agricultural and livestock activities. This will allow them to recover soil fertility and improve productivity while creating biodiversity refuges, water reservoirs and carbon sinks. The Project also aims to value the environmental services that will be generated or enhanced through the orientation of public policies towards the development and strengthening of a compensation mechanism at a State level.
Investment Description
  • Inter-American Development Bank (IADB)
This Technical Cooperation will cost USD 1,863,333, funded by USD 0.85 million from the IADB's MIF Small Enterprise Development Facility, and USD 1,017,633 in Country Counterpart Financing.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).