Productive Investment Initiative for Adaptation to Climate Change (CAMBio II)

  • Adaptation
  • Under implementation
Date approved
20 Oct 2018
Est. completion
16 Mar 2027
ESS Category
Intermediation 3
Financing
Private sector
Entity
Central American Bank for Economic Integration

Overview

Reducing obstacles for Micro-, Small- and Medium-sized Enterprises (MSMEs) to access credit and supporting the best available adaptation measures in seven Central American countries.

While agriculture, livestock and forestry are key sectors in Central American economies, they are highly sensitive to climate change. Conservative banking practices and high perceived risks associated with operations in rural areas rural mean MSMEs have limited access to credit in financing adaptation measures. 

This initiative will provide concessional loans and technical assistance to encourage MSMEs to invest in adaptation. It is also designed to consolidate agricultural production systems adapted to climate change. A grant component of this programme will provide financial rewards to MSMEs and intermediary financial institutions for their successful implementation of adaptation activities.

The programme has an estimated lifespan of 15 years.

Result areas

Project timeline

  • Pipeline

    486 days

    • Concept note received

    • Cleared by GCF Secretariat

    • Funding proposal received

    • Cleared by iTAP

  • Approved

    332 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,465 days so far

    • FAA effective

  • To be completed

    274 days to go

    Not started

  • Total project value $ 28 million

  • Total number of beneficiaries 69.7 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 28 million

Show details

GCF-financing

100% disbursed

  • Grant USD 3,000,000
  • Loan USD 12,500,000
  • Total GCF-financing USD 15,500,000

Co-financing

  • Loan USD 12,500,000
  • Total co-financing USD 12,500,000

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