Nicaragua FCPF REDD Readiness (WB-P120657)

Countries
  • Nicaragua
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
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.
Borrower
Government of Nicaragua
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 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)
$ 5.00 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 @ WB website

Updated in EWS Nov 27, 2018

Disclosed by Bank Dec 10, 2013


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Project Description

According to the bank, the objective of the project is to help Nicaragua become ready for future REDD+ implementation by preparing those key elements, systems, and/or policies needed, generally referred to as as the REDD+ Readiness Package, in a socially and environmentally sound manner. 

REDD+ is an incentive developed under the United Nations Framework Convention on Climate Change (UNFCCC) to financially "reward" developing countries for their greenhouse gas emission reduction results from Deforestation and forest degradation, conservation of forest carbon stocks, sustainable management of forest and increase of forest carbon stocks. 

Investment Description
  • World Bank (WB)
Contact Information

ACCOUNTABILITY MECHANISM OF WORLD BANK

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