Resilience to hurricanes in the building sector in Antigua and Barbuda (GCF-RESILIENCEHURRICANE)

Countries
  • Antigua and Barbuda
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.
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 Antigua and Barbuda
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Humanitarian Response
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 32.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 30, 2020

Disclosed by Bank Nov 9, 2019


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Project Description

Among some scattered information, we can pick that: "Overall, the project will confer direct adaptation benefits to ~73,216 vulnerable people in Antigua and Barbuda, and indirect benefits to the entire population of the country, by reducing the adverse impacts of extreme climate events on human life and enabling the country’s major economic sectors to resume business as usual more quickly following these events. Direct health benefits are also expected to incur through the improved provision of clean water, increased operability of clinics during a storm, integration of storm shelters into existing clinics and improved storage for vital medication that are usually damaged by an intense storm. Further benefits are expected across the Caribbean, with Antigua and Barbuda serving as an example of climate-adaptive building practices for Small Island Developing States (SIDS)."

Investment Description
  • Green Climate Fund (GCF)

The total financing (GCF + co-finance) ammounts tio USD 46.1 million.

Contact Information

ACCESS TO INFORMATION

Requests for project information may be submitted using the IDP Request for Information by email to: disclosure@gcfund.org.

You can also submit an information request using this online form: https://www.greenclimate.fund/about/disclosure/form.  Additionally, if information requested is denied, an appeal can be filed to the Information Appeals Panel: iap@gcfund.org.  You can learn more about the Information Appeals Panel at: https://www.greenclimate.fund/about/disclosure/appeals.

 

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND 

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