Basin Approach for Livelihood Sustainability through Adaptation Strategies (BALSAS)

  • Cross-cutting
  • Under implementation
Date approved
18 Jul 2024
Est. completion
13 Jun 2031
ESS Category
Category B
Financing
Public sector
Entity
International Fund for Agricultural Development

Overview

The Balsas Basin in Mexico is one of the country's most marginalised areas, making it highly vulnerable to climate change. Increasingly erratic rainfall and extended dry seasons are reducing agricultural productivity and degrading natural resources, leading to more frequent flooding, crop damage, and droughts, which further decrease crop yields. Despite considerable efforts by the government, including a strong tradition of payments for ecosystem services (PES) schemes, addressing these climate impacts remains challenging due to financial and institutional constraints. Integrating climate vulnerability systematically into territorial plans remains a key opportunity for improvement.

To address these challenges and take advantage of identified opportunities, this project will transform rural development incentives by emphasising the conservation of forest resources and strengthening of local institutions and capacities. Additionally, it will prioritise bottom-up decision-making and value chain development to ensure social inclusion and empower women, youth, and indigenous peoples.

This approach to climate-resilient production and sustainable land use will improve the livelihood resilience of the most vulnerable rural communities while conserving ecosystems in the Balsas Basin.

Result areas

Project timeline

  • Pipeline

    1,094 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    331 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    368 days so far

    • FAA effective

  • To be completed

    1,824 days to go

    Not started

  • Total project value $ 91 million

  • Tonnes of CO2 equivalent avoided 3.9 million

  • Total number of beneficiaries 3.3 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 91 million

Show details

GCF-financing

44% disbursed

  • Loan USD 10,000,000
  • Grant USD 19,500,000
  • Loan USD 10,000,000
  • Total GCF-financing USD 39,500,000

Co-financing

  • Loan USD 38,453,000
  • Grant USD 7,000,000
  • Grant USD 6,000,000
  • Total co-financing USD 51,453,000

Documents

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