FP066

Pacific Resilience Project Phase II for RMI

Pacific Resilience Project Phase II for RMI

  • Status Under implementation
  • Date approved 01 Mar 2018 at B.19
  • Est. completion 13 Feb 2024
  • ESS Category Category B

Enhancing the resilience of people in the Republic of the Marshall Islands to long-term climate change through coastal protection to protect lives and property from inundation.

The Republic of the Marshall Islands - one of the world's smallest, most isolated, and low-lying nations - is highly vulnerable to climate change. It is threatened by sea level rise, changes in wave and storm patterns, and coastal inundation. The average annual loss to the nation related to typhoons and tsunamis is estimated to be about 1.7 percent of its GDP, equivalent to USD3 million. This figure is expected to be much higher during the next 50 years.

The project will focus on enhancing the resilience of coastal infrastructure in the densely populated areas of the capital Majuro and the island of Ebeye. It will include strengthening institutions and improving access to early warning and disaster preparedness. The proposed coastal infrastructure intervention has been shown to be the only feasible option to protect people and assets against sea level rise and storms.

The project has an estimated lifespan of 5 years.

Total project value

 

Beneficiaries

 

Direct
46,800
Indirect
11,600
Theme

Adaptation

Result areas

Project timeline

Pipeline

04 Jan 2017 - 422 days

Funding proposal received

04 Jan 2017

Cleared by iTAP

22 Dec 2017

Approved

01 Mar 2018 - 338 days

Approved by GCF Board

01 Mar 2018

FAA executed

01 Feb 2019

Under implementation

01 Feb 2019 - 1,874 days so far

Legal opinion on AE's Internal Approval

01 Feb 2019

FAA effective

13 Feb 2019

Disbursement - USD 25,000,000

09 Dec 2020

Completed

13 Feb 2024 - -35 days to go

One region

  • Asia-Pacific

One country

One priority group

  • Small Island Developing States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing100% disbursed

InstrumentAmount
GrantUSD 25,000,000
Total GCF Financing
USD 25,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingGrantUSD 34,888,000
Total Co-Financing
USD 34,888,000

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

International Bank for Reconstruction and Development and International Development Association
Mr. Zhihong Zhang
Primary

Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts

National Designated Authority

Marshall Islands
Ministry of Environment - Climate Change Directorate
Honourable Christopher Loeak Primary
Minister in Assistance to the President and Environment
P.O. Box 2, Majuro, Marshall Islands
Mr. Clarence Samuel Primary
Director
Phone +692 625-7944
Phone +692 625-7945
clarencesam@gmail.com
Ms. Lani Milne Secondary
GCF Support Coordinator
Phone +692 625-7944
Phone +692 625-7945
lanimilne@gmail.com