FP026

Sustainable Landscapes in Eastern Madagascar

Sustainable Landscapes in Eastern Madagascar

  • Status Under implementation
  • Date approved 14 Oct 2016 at B.14
  • Est. completion 08 May 2028
  • ESS Category Category B

Sustainable landscape measures to enhance resilience of smallholders, reducing GHG emissions and channelling private finance into climate-smart investments in agriculture and renewable energy.

Madagascar is one of the most vulnerable countries to climate change in the world, with large numbers of smallholding farmers. There is a high level of food insecurity, precarity, and vulnerability to climate change. The landscape is dominated by natural forest, but deforestation is a source of GHG emissions and degradation of ecosystem services.

The project model is to initially address smallholder vulnerability through non-profit activities, that will prepare the smallholding farmers to eventually access private sector investment, providing a pathway out of extreme vulnerability and dependency. This approach is aimed at overcoming the barriers to private sector investment. Funds will be leveraged through the issuing of a pioneering Green / Climate Bond with all returns and profits being re-invested to capitalise a Climate Change Trust Fund for Madagascar. This will enable continued investment in landscape-level adaptation and mitigation activities.

The project has an estimated lifespan of 10 years.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
85,700
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

20 Mar 2016 - 209 days

Funding proposal received

20 Mar 2016

Cleared by iTAP

30 Sep 2016

Approved

14 Oct 2016 - 572 days

Approved by GCF Board

14 Oct 2016

Legal opinion on AE's Internal Approval

20 Sep 2017

FAA executed

16 Mar 2018

Under implementation

08 May 2018 - 1,181 days so far

FAA effective

08 May 2018

Disbursement - USD 800,000

31 Jul 2018

Annual Performance Report

27 Feb 2019

Disbursement - USD 1,600,000

15 Apr 2019

Disbursement - USD 1,700,000

07 Nov 2019

Disbursement - USD 1,900,000

17 Mar 2020

Disbursement - USD 2,600,000

23 Feb 2021

Completed

08 May 2028 - 2,474 days to go

One region

  • Africa

One country

Two priority groups

  • Least Developed Countries
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing45% disbursed

InstrumentAmount
GrantUSD 18,500,000
Total GCF Financing
USD 18,500,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 800,000
Total Co-Financing
USD 800,000

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 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Conservation International Foundation
Mr. Miguel Morales
Vice President, GEF/GCF agencies
2011 Crystal Drive, Suite 500, Arlington, Virginia, United States
Phone +1 703 341 2637
mamorales@conservation.org
Mr. Steven Panfil
Senior Director, Project Development & Implementation GCF Agency
Phone +1 703 341 2822
spanfil@conservation.org
More contacts

National Designated Authority

Madagascar
Ministry of Environment, Ecology, Sea and Forests
Ms. Lovakanto Ravelomanana
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar

Documents

News + Stories

Forests: A cause of climate concern, and hope

15 Aug 2018 / You don’t know what you’ve got until it’s gone.