FP048
Low Emissions and Climate Resilient Agriculture Risk Sharing Facility
Low Emissions and Climate Resilient Agriculture Risk Sharing Facility
Supporting the transition to low emission, climate resilient agriculture in Guatemala and Mexico through the creation of a risk sharing facility to unlock innovative and scalable financial instruments for MSMEs.
In Latin America, the combined effects of climate change, inequality and population pressures are escalating the food and nutrition security and income challenges faced by smallholder farmers. In the Caribbean, rising sea levels are leading to increased agricultural land loss and causing more widespread damage to agricultural systems as a result of saline intrusions into coastal aquifers.
The risk-sharing facility created by GCF and IDB will target agricultural MSMEs that demonstrate environmentally sustainable practices. It will support them to engage lenders for the longer-term loans needed for climate-smart investments. GCF’s investment in this programme will support both mitigation and adaptation outcomes. The risk-sharing facility will attract additional local and international private sector investors, resulting in significant additional private capital being channelled into these activities.
The project has an estimated lifespan of 15 years.
Project timeline
Pipeline
31 Aug 2016 - 398 days
Concept note received
31 Aug 2016
Funding proposal received
10 Jan 2017
Cleared by iTAP
15 Sep 2017
Approved
02 Oct 2017 - 478 days
Approved by GCF Board
02 Oct 2017
Legal opinion on AE's Internal Approval
27 Jul 2018
FAA executed
26 Dec 2018
Under implementation
22 Jan 2019 - 1,716 days so far
FAA effective
22 Jan 2019
Disbursement - USD 2,140,000
15 Mar 2019
Disbursement - USD 3,500,000
06 Jul 2020
Disbursement - USD 1,900,000
23 Apr 2021
Disbursement - USD 1,000,000
29 Sep 2021
Completed
22 Jan 2031 - 2,669 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing43% disbursed
| Instrument | Amount |
|---|---|
| Loan | USD 5,360,000 |
| Equity | USD 11,000,000 |
| Guarantee | USD 1,500,000 |
| Grant | USD 2,140,000 |
| Total GCF Financing |
|---|
| USD 20,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 1,100,000 |
| Co-Financing | Equity | USD 3,000,000 |
| Co-Financing | Guarantee | USD 1,500,000 |
| Co-Financing | Loan | USD 4,400,000 |
| Co-Financing | Other | USD 128,000,000 |
| Total Co-Financing |
|---|
| USD 138,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsPhone +82 32 4458 6338 (KST)
Send e-mail
Request for information
GCF Information DisclosureRequest 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
Inter-American Development Bank
Chief, Resource Mobilization Division
Lead Climate Change Specialist
1300 New York Avenue NW, Washington, D.C., United States
More contacts
National Designated Authority
Ministry of Environment and Natural Resources
Minister of Environment and Natural Resources
7 Avenue 06-67 zone 13, Guatemala City, Guatemala
Phone (502) 2423-0500
gebarrios@marn.gob.gt
gvalladares@marn.gob.gt
nomendoza@marn.gob.gt
Vice-minister of Natural Resources and Climate Change
7 Avenue 06-67 zone 13, Guatemala City, Guatemala
Coordinator of the International Cooperation Unit
7 Avenue 06-67 zone 13, Guatemala City, Guatemala
Ministry of Finance and Public Credit (SHCP), Unit for Public Credit
Director General, Unit for Public Credit and International Affairs, SHCP
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
laura_aguirre@hacienda.gob.mx
dir_fs@hacienda.gob.mx
mexico_gcf@hacienda.gob.mx
Documents
| Title | Type | Date |
|---|---|---|
| 2020 Annual Performance Report for FP048: Low Emissions and Climate Resilient Agriculture Risk Sharing Facility | Annual Performance Report | 28 Jul 2021 |
| 2019 Annual Performance Report for FP048: Low Emissions and Climate Resilient Agriculture Risk Sharing Facility | Annual Performance Report | 01 Mar 2020 |
| Gender assessment for FP048: Low Emissions and Climate Resilient Agriculture Risk Sharing Facility | Gender assessment | 31 Jan 2018 |
| Gender action plan for FP048: Low Emissions and Climate Resilient Agriculture Risk Sharing Facility | Gender action plan | 31 Jan 2018 |
| Climate-Smart Agriculture (CSA) risk sharing facility for MSMEs | Approved funding proposal | 08 Nov 2017 |
| Environmental and social safeguards (ESS) report for FP048: Low Emissions and Climate Resilient Agriculture Risk Sharing Facility | Environmental and Social Safeguards report | 13 Sep 2017 |
