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 19 Jun 2027
  • 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






Result areas

Project timeline


10 Feb 2017 - 385 days

Funding proposal received

10 Feb 2017

Cleared by iTAP

30 Sep 2017


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 - 1,592 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 - 1,116 days to go

One region

  • Latin America and the Caribbean

One country

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

GCF financing51% disbursed

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


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

GCF Contacts

General media inquiries

GCF Communications
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GCF Information Disclosure
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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 6714 (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
Ms. Maria Helena Semedo

Deputy Director-General
More contacts

National Designated Authority

Ministry of Economy and Finance
His Excellency Carlos Fernández Valdovinos Primary
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Ms. Adriana Samaniego Secondary
Senior Analyst
Chile 252 /1220, Asunción, Paraguay
Mr. Cristhian Trinidad Tertiary
Technical Analyst of the Vice Ministry of Economy and Planning of the Ministry of Economy and Finance
Chile 252 /1220, 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.

Forests: A cause of climate concern, and hope

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