FP066
Pacific Resilience Project Phase II for RMI
Pacific Resilience Project Phase II for RMI
Enhancing the resilience of people in the Republic of the Marshall Islands to long-term climate change through coastal protection to protect lives and property from inundation.
The Republic of the Marshall Islands - one of the world's smallest, most isolated, and low-lying nations - is highly vulnerable to climate change. It is threatened by sea level rise, changes in wave and storm patterns, and coastal inundation. The average annual loss to the nation related to typhoons and tsunamis is estimated to be about 1.7 percent of its GDP, equivalent to USD3 million. This figure is expected to be much higher during the next 50 years.
The project will focus on enhancing the resilience of coastal infrastructure in the densely populated areas of the capital Majuro and the island of Ebeye. It will include strengthening institutions and improving access to early warning and disaster preparedness. The proposed coastal infrastructure intervention has been shown to be the only feasible option to protect people and assets against sea level rise and storms.
The project has an estimated lifespan of 5 years.
Project timeline
Pipeline
04 Jan 2017 - 422 days
Funding proposal received
04 Jan 2017
Cleared by iTAP
22 Dec 2017
Approved
01 Mar 2018 - 338 days
Approved by GCF Board
01 Mar 2018
FAA executed
01 Feb 2019
Under implementation
01 Feb 2019 - 2,145 days so far
Legal opinion on AE's Internal Approval
01 Feb 2019
FAA effective
03 Dec 2020
Disbursement - USD 25,000,000
09 Dec 2020
To be completed
03 Dec 2025 - 354 days to go
One region
- Asia-Pacific
One country
One priority group
- Small Island Developing States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
Instrument | Amount |
---|---|
Grant | USD 25,000,000 |
Total GCF Financing |
---|
USD 25,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Grant | USD 34,888,000 |
Total Co-Financing |
---|
USD 34,888,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend 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 6714 (KST)
Send e-mail
Entity
International Bank for Reconstruction and Development and International Development Association
Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts
National Designated Authority
Ministry of Environment - Climate Change Directorate
Minister in Assistance to the President and Environment
GCF Support Coordinator
Documents
Title | Type | Date |
---|---|---|
2022 Annual Performance Report for FP066: Pacific Resilience Project Phase II for RMI | Annual Performance Report | 28 Feb 2024 |
2020 Annual Performance Report for FP066: Pacific Resilience Project Phase II for RMI | Annual Performance Report | 28 Aug 2021 |
2019 Annual Performance Report for FP066: Pacific Resilience Project Phase II for RMI | Annual Performance Report | 01 Mar 2020 |
Gender action plan for FP066: Pacific Resilience Project Phase II for RMI | Gender action plan | 23 May 2018 |
Pacific resilience project phase 2 for RMI | Approved funding proposal | 27 Mar 2018 |