FP062
Poverty, Reforestation, Energy and Climate Change Project (PROEZA)
Poverty, Reforestation, Energy and Climate Change Project (PROEZA)
Promoting forest planting and reforestation in Eastern Paraguay, sequestering carbon and supporting local households to diversity their agricultural production to enhance their resilience to the impacts of climate change.
Municipal districts in Eastern Paraguay are highly vulnerable to the impacts of climate change. In addition, certain municipal districts have extremely high climate and social vulnerability. Deforestation and forest degradation increases the vulnerability of populations dependent on family farming for agricultural production and livelihood. Environmental conditional cash transfers (E-CCT) will be provided in exchange for community-based climate-sensitive agroforestry. This will serve as a bridge until new farming models are financially sustainable. Credit will be made available to establish productive forest plantations for bioenergy, timber and silvo-pastoral production (combining forestry with livestock grazing). Capacity building will support good governance and law enforcement.
The project has an estimated lifespan of 30 years.
Project timeline
Pipeline
10 Feb 2017 • 385 days
Funding proposal received
10 Feb 2017
Cleared by iTAP
30 Sep 2017
Approved
01 Mar 2018 • 691 days
Approved by GCF Board
01 Mar 2018
Legal opinion on AE's Internal Approval
15 Oct 2018
FAA executed
12 Apr 2019
Under implementation
20 Jan 2020 • 2,148 days so far
FAA effective
20 Jan 2020
Disbursement - USD 2,113,364
10 Feb 2020
Disbursement - USD 3,844,769
10 Nov 2022
Disbursement - USD 6,817,278
31 Jan 2024
Disbursement - USD 6,482,110
05 Sep 2025
To be completed
19 Jun 2027 • 561 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing77% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 25,060,376 |
| Total GCF Financing |
|---|
| USD 25,060,376 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 15,864,787 |
| Co-Financing | Loan | USD 49,332,332 |
| Total Co-Financing |
|---|
| USD 65,197,119 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
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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
Entity
Food and Agriculture Organization of the United Nations
Director, Office for Climate Change, biodiversity and Environment
viale delle Terme di Caracalla, Rome, Italy
More contacts
National Designated Authority
Ministry of Economy and Finance
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Economic Development Manager of the Vice Ministry of Economy and Planning
General Director of Development Cooperation of the Vice Ministry of Economy and Planning
Documents
Pages
News + Stories
Sacred plant helps forge a climate-friendly future in Paraguay
05 Feb 2025 / Using ancestral knowledge and yerba mate trees to accelerate climate action For generations, the Ava Guaraní, one of the Indigenous Peoples living in eastern Paraguay, have been harvesting the green leaves of the yerba mate tree to make the bitter, caffeinated brew beloved in South America and beyond. However, the leaves they traditionally harvested in the wild have become increasingly scarce, partly due to climate change.
