FP062

Poverty, Reforestation, Energy and Climate Change Project (PROEZA)

Poverty, Reforestation, Energy and Climate Change Project (PROEZA)

  • Status Under implementation
  • Date approved 01 Mar 2018 at B.19
  • Est. completion 20 Jan 2025
  • ESS Category Category B

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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
87,210
Indirect
720,000
Theme

Cross-cutting

Result areas

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 - 636 days so far

FAA effective

20 Jan 2020

Disbursement - USD 2,113,364

10 Feb 2020

Completed

20 Jan 2025 - 1,192 days to go

One region

  • Latin America and the Caribbean

One country

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

GCF financing8% disbursed

InstrumentAmount
GrantUSD 25,060,376
Total GCF Financing
USD 25,060,376

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 15,864,787
Co-FinancingLoanUSD 49,332,332
Total Co-Financing
USD 65,197,119

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

Food and Agriculture Organization of the United Nations
Ms. Elizabeth A. Bechdol
Deputy Director-General
Phone +39 06 57051800
DDG-Bechdol@fao.org
Ms. Maria Helena Semedo
Deputy Director-General
More contacts

National Designated Authority

Paraguay
Ministry of the Environment and Sustainable Development (MADES)
His Excellency César Ariel Oviedo Verdun
Minister
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Phone +595 21 287 9000
ministro@mades.gov.py
Mrs. Graciela Soledad Miret Martinez
Director of the Directorate of Strategic Planning
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay

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.