Early Warning System

Countries

Mexico

Geographic location 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

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Mar 16, 2021

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Mexico

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Agriculture and Forestry
Climate and Environment

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 9.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Project Cost (USD)

$ 10.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Funding proposal

Primary Source

Original disclosure @ GCF website

Updated in EWS Mar 1, 2021

Disclosed by Bank Feb 23, 2021

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The project seeks to increase the adaptation capacity in watersheds vulnerable to climate change, through river restoration and connectivity by: (i) conducting restoration, conservation and improved productive activities, implemented by local organizations in the states of Jalisco and Veracruz; (ii) increasing local monitoring capacities to reduce climate vulnerability; (iii) catalyzing public and private climate-smart investments; and (iv) supporting the development of
climate policy in a National River Restoration Strategy.

The Project will operate in two regions highly affected by climate change. The two selected watersheds are Jamapa in the state of Veracruz and Ameca-Mascota in the state of Jalisco.

Project activities seek to: (i) reduce soil erosion to decrease sediments, improve water quality and diminish silting of watercourses; (ii) increase the time that water remains within the basin, decreasing the force and speed of runoff, as well as increasing infiltration; (iii) conserve soil for productive activities; (iv) moderate extreme temperature thanks to vegetation coverage.

As a result, the project will reduce climate vulnerability, mainly by reducing exposure to landslides, floods and droughts. Likewise, the project seeks to increase the adaptation capacity of the population and the resilience of ecosystems.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Fondo Mexicano para la Conservación de la Naturaleza A.C (FMCN)

https://fmcn.org/es