FP062
Poverty, Reforestation, Energy and Climate Change Project (PROEZA)
Poverty, Reforestation, Energy and Climate Change Project (PROEZA)
Promoting forest planting and reforestation in Eastern Paraguay, sequestering carbon and supporting local households to diversity their agricultural production to enhance their resilience to the impacts of climate change.
Municipal districts in Eastern Paraguay are highly vulnerable to the impacts of climate change. In addition, certain municipal districts have extremely high climate and social vulnerability. Deforestation and forest degradation increases the vulnerability of populations dependent on family farming for agricultural production and livelihood. Environmental conditional cash transfers (E-CCT) will be provided in exchange for community-based climate-sensitive agroforestry. This will serve as a bridge until new farming models are financially sustainable. Credit will be made available to establish productive forest plantations for bioenergy, timber and silvo-pastoral production (combining forestry with livestock grazing). Capacity building will support good governance and law enforcement.
The project has an estimated lifespan of 30 years.
Project timeline
Pipeline
10 Feb 2017 - 385 days
Funding proposal received
10 Feb 2017
Cleared by iTAP
30 Sep 2017
Approved
01 Mar 2018 - 691 days
Approved by GCF Board
01 Mar 2018
Legal opinion on AE's Internal Approval
15 Oct 2018
FAA executed
12 Apr 2019
Under implementation
20 Jan 2020 - 1,790 days so far
FAA effective
20 Jan 2020
Disbursement - USD 2,113,364
10 Feb 2020
Disbursement - USD 3,844,769
10 Nov 2022
Disbursement - USD 6,817,278
31 Jan 2024
To be completed
19 Jun 2027 - 919 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing51% disbursed
Instrument | Amount |
---|---|
Grant | USD 25,060,376 |
Total GCF Financing |
---|
USD 25,060,376 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Grant | USD 15,864,787 |
Co-Financing | Loan | USD 49,332,332 |
Total Co-Financing |
---|
USD 65,197,119 |
GCF Contacts
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
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Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
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Entity
Food and Agriculture Organization of the United Nations
Deputy Director-General
More contacts
National Designated Authority
Ministry of Economy and Finance
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Senior Analyst
Chile 252 /1220, Asunción, Paraguay
Technical Analyst of the Vice Ministry of Economy and Planning of the Ministry of Economy and Finance
Chile 252 /1220, Asunción, Paraguay