Mexico REDD+ Emission Reductions Program (WB-P162749)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Mexico
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.
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.
Sectors
  • 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.
Project Cost (USD)
$ 60.00 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 @ WB website

Disclosed by Bank Jul 7, 2017


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Project Description

According to bank documents, the proposed Development Objective is to pay for verified Emission Reductions related to reduced deforestation and forest degradation (ER payments) and to distribute ER payments in accordance with the agreed benefit-sharing mechanism in selected States in Mexico. 

Investment Description
  • World Bank (WB)
Contact Information

Borrower/Client: Secretaria de Hacienda y Credito Publico
Carlos Raul Delgado Aranda, Director General
Email Address:carlos_delgado@hacienda.gob.mx

Implementing Agency: Commission Nacional Forestal
Jose Francisco Quiroz Acosta, Unidad de Asuntos Internacionales y Fomento
Email Address:francisco.quiroz@conafor.gob.mx

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.