FP097

Productive Investment Initiative for Adaptation to Climate Change (CAMBio II)

Productive Investment Initiative for Adaptation to Climate Change (CAMBio II)

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion 16 Sep 2024
  • ESS Category Intermediation 3

Reducing obstacles for Micro-, Small- and Medium-sized Enterprises (MSMEs) to access credit and supporting the best available adaptation measures in seven Central American countries.

While agriculture, livestock and forestry are key sectors in Central American economies, they are highly sensitive to climate change. Conservative banking practices and high perceived risks associated with operations in rural areas rural mean MSMEs have limited access to credit in financing adaptation measures. 

This initiative will provide concessional loans and technical assistance to encourage MSMEs to invest in adaptation. It is also designed to consolidate agricultural production systems adapted to climate change. A grant component of this programme will provide financial rewards to MSMEs and intermediary financial institutions for their successful implementation of adaptation activities.

The programme has an estimated lifespan of 15 years.

Total project value

 

Beneficiaries

 

Direct
17,430
Indirect
52,290
Theme

Adaptation

Result areas

Project timeline

Pipeline

22 Jun 2017 - 486 days

Concept note received

22 Jun 2017

Cleared by GCF Secretariat

06 Nov 2017

Funding proposal received

06 Nov 2017

Cleared by iTAP

11 Jul 2018

Approved

20 Oct 2018 - 332 days

Approved by GCF Board

20 Oct 2018

Legal opinion on AE's Internal Approval

15 Feb 2019

FAA executed

21 Jun 2019

Under implementation

16 Sep 2019 - 1,672 days so far

FAA effective

16 Sep 2019

Disbursement - USD 376,350

17 Feb 2020

Disbursement - USD 601,700

14 Dec 2022

Disbursement - USD 194,800

06 Sep 2023

Disbursement - USD 1,592,963

01 Mar 2024

To be completed

16 Sep 2024 - 156 days to go

One region

  • Latin America and the Caribbean

Seven countries

One priority group

  • Small Island Developing States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing18% disbursed

InstrumentAmount
GrantUSD 3,000,000
LoanUSD 12,500,000
Total GCF Financing
USD 15,500,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 12,500,000
Total Co-Financing
USD 12,500,000

GCF Contacts

General media inquiries

GCF Communications
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 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6714 (KST)
Send e-mail

Accredited Entity

Central American Bank for Economic Integration
Mr. Humberto Rodriguez
Primary

Debt Capital Markets and External Funding Head, Finance Division
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Phone +(504) 2240-2314
hrodriguez@bcie.org
avilar@bcie.org
Mr. Alberto Cabezón
Secondary

Specialist of Green Funds Resource Mobilization, Partnerships and International Cooperation Department
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, M.D.C., Honduras
Phone +504 2240 2112
Phone +504 9454 7995
acabezon@bcie.org
More contacts

National Designated Authority

Costa Rica
Ministry of Environment and Energy
Mr. Carlos Isaac Pérez Mejía Primary
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
Ms. Enid Chaverri Tapia Primary
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
Phone (506) 8307-8679
echaverri@minae.go.cr
Ms. Patricia Campos Mesén Secondary
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Phone (506) 8346-1513
pcampos@minae.go.cr
Dominican Republic (the)
Ministry of Environment and Natural Resources
Ms. Milagros De Camps German Primary
Deputy Minister of International Cooperation
Avenida Cayetano Germosén esq. Avenida Gregorio Luperón, Ensanche El Pedregal, Santo Domingo, Distrito Nacional, Dominican Republic (the)
El Salvador
Ministry of Environment and Natural Resources (MARN)
His Excellency Mr. Fernando Andrés López Larreynaga Primary
Minister of Environment and Natural Resources
Kilómetro 5 ½ Carretera a Santa Tecla, Col. Las Mercedes, Frente a Círculo Miliar, Edificios MARN, San Salvador, El Salvador
Mrs. Eva Maria Colorado Panameño Secondary
Director of International Cooperation and Climate Change
Kilómetro 5 ½ Carretera a Santa Tecla, Col. Las Mercedes, Frente a Círculo Miliar, Edificios MARN, San Salvador, El Salvador
Phone +(503) 2132-9680
Phone +(503) 7634-8833
eva.colorado@ambiente.gob.sv
rmgarcia@ambiente.gob.sv
Guatemala
Ministry of Environment and Natural Resources
Her Excellency María José Iturbide Flores Primary
Minister
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Ms. Anna Cristina Bailey Hernández Primary
Vice Minister of Natural Resources and Climate Change
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Ms. Lourdes María Fernández Balconi Secondary
Head of International Cooperation Unit
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Honduras
Secretary of Energy, Natural Resources, Environment and Mines
His Excellency Lucky Halach Medina Estrada Primary
Secretary of State, Secretary of Energy, Natural Resources, Environment and Mines
Edificio Principal, 200 metros al Sur del Estadio nacional, Tegucigalpa, Honduras
Nicaragua
Secretariat of Climate Change of the Presidency (SCCP) and Ministry of the Environment and Natural Resources (MARENA)
Mr. Javier Gutiérrez Ramírez Primary
Secretary of Climate Change of the Presidency
Avenida de Bolivar a Chávez, Costado sur de la Asamblea Nacional, Managua, Nicaragua
Phone 2222-8675
Phone 8432-7096
Phone 8809-5892
xaviergut@gmail.com
Her Excellency Heyddy Calderón Palma Secondary
Minister of the Environment and Natural Resources
Avenida de Bolivar a Chávez, Costado sur de la Asamblea Nacional, Managua, Nicaragua
Phone 8510-7366
hcalderon@marena.gob.ni
Panama
Ministry of Environment
His Excellency Milciades Concepción Primary
Minister of Environment
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+ 507) 500-0802
mconcepcion@miambiente.gob.pa
Ms. Ligia Castro de Doens Secondary
Operational Focal Point, Advisor to the Minister and Director of Climate Change
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+507) 500-0802
lcastrod@miambiente.gob.pa
Ms. Mirthia Gonzalez Tertiary
Technical Focal Point; Climate Change Analyst and Planner
Diego Dominguez Street, Building 804 Albrook, Ancón, Panama City, Panama
Phone (+507) 500-0802
mgonzalez@miambiente.gob.pa

News + Stories

GCF agreement with CABEI to unlock finance for climate adaptation in Central America

21 Jun 2019 / Today, the Green Climate Fund and the Central American Bank for Economic Integration (CABEI) signed an agreement that will kick off the implementation of the CAMBio II project, aimed at helping micro, small and medium businesses in Central America become more resilient to climate change.