Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

  • Status Under implementation
  • Date approved 13 Nov 2020 at B.27
  • Est. completion 09 Dec 2028
  • ESS Category Category A

The Caribbean Region (CR) holds the highest biodiversity in Nicaragua and is part of the important central American biodiversity corridor. However, the CR is experiencing the highest deforestation and forest degradation rates of any region in the country due to unsustainable management of ecosystems, demographic pressure, and a lack of investments. 

The project aims to restore degraded forest landscapes in the most biodiversity rich region of Nicaragua, the CR, and to channel investments into sustainable land-use management and forest management. It supports the implementation of the national REDD+ strategy, aiming to reduce 47.3 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions through reducing deforestation over 20 years. The project activities will reinforce interventions consisting of targeted investments for sustainable landscape restoration and management, the creation of an enabling investment environment, and development of strong local capacity for territorial governance and law enforcement, with the necessary supporting tools and instruments. 

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


18 Mar 2019 - 607 days

Concept note received

18 Mar 2019

Funding proposal received

09 Nov 2019

Cleared by GCF Secretariat

17 Aug 2020

Cleared by iTAP

21 Oct 2020


13 Nov 2020 - 392 days

Approved by GCF Board

13 Nov 2020

Legal opinion on AE's Internal Approval

12 Feb 2021

FAA executed

11 Aug 2021

Under implementation

09 Dec 2021 - 662 days so far

FAA effective

09 Dec 2021


09 Dec 2028 - 1,897 days to go

One region

  • Latin America and the Caribbean

One country

  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

LoanUSD 37,954,962
GrantUSD 26,139,067
Total GCF Financing
USD 64,094,029


Co-FinancingLoanUSD 19,949,506
Co-FinancingGrantUSD 24,316,473
Co-FinancingGrantUSD 8,282,213
Total Co-Financing
USD 52,548,192

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
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 6155 (KST)
Send e-mail

Accredited Entity

Central American Bank for Economic Integration
Mr. Humberto Rodriguez

Debt Capital Markets and External Funding Head, Finance Division
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Phone +(504) 2240-2314
Mr. Alberto Cabezón

Specialist of Green Funds Resource Mobilization, Partnerships and International Cooperation Department
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, M.D.C., Honduras
Phone +504 2240 2112
Phone +504 9454 7995
More contacts

National Designated Authority

Ministerio de Hacienda y Crédito Público (MHCP) / Ministry of Finance and Public Credit
Mr Bruno Mauricio Gallardo Palaviccine Primary
Designated Focal Point / Vice Minister
Ministry of Finance and Public Credit, Bolivar Avenue in front of the National Assembly, Managua, Nicaragua
Mr. Norman Rodriguez Secondary
Technical Support for Operability/Coordination
Phone +505 22222260