Early Warning System

Countries

Solomon Islands

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

African Development Bank (AFDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

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

Jul 13, 2023

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 Solomon Islands

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

Sectors

Education and Health
Law and Government

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)

$ 24.96 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)

$ 31.80 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.

Primary Source

Original disclosure @ AFDB website

Updated in EWS Aug 2, 2023

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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.

According to the Bank’s website, the SOLKAS project will strengthen the resilience of targeted communities and rural youth on the Solomon Islands against the onslaught of climate change impacts. It will enhance the adaptation capacities of the islands’ government and schools to lay the foundation for a locally led adaptation effort through investments in critical community and school infrastructures. Building upon a community-based adaptation approach, the project will also advance understanding of the climate crisis on the island by delivering two highly innovative initiatives: a digital toolset for climate risk assessment and adaptation planning and a permanent Youth Climate Resilience Livelihoods incubator to accelerate green projects locally.

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.

GCF CONTACTS

General media inquiries

GCF Communications
PHONE +82 32 4458 6338 (KST)

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
PHONE +82 32 458 6186 (KST)

Integrity issues

GCF Independent Integrity Unity (IIU)
PHONE +82 32 458 6155 (KST)

ACCREDITED ENTITY