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 - 810 days so far

FAA effective

16 Sep 2019

Disbursement - USD 376,350

17 Feb 2020

Completed

16 Sep 2024 - 1,018 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 financing2% disbursed

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

Cofinancing

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

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 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Central American Bank for Economic Integration
Mr. Miguel Angel Méndez Castellanos
Head of Partnerships and International Cooperation Department
Boulevard Suyapa, Frente a la ENEE, Tegucigalpa, Honduras
Phone +504 2240 2206
mmendez@bcie.org
halvarado@bcie.org
Mr. Alberto Cabezón
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

Guatemala
Ministry of Environment and Natural Resources
His Excellency Mario Roberto Rojas Espino
Minister of Environment and Natural Resources
7a. Avenue 03-67 Zone 13, Guatemala City, Guatemala
Mr. Fredy Antonio Chiroy Barreno
Deputy Minister, Ministry of Environment and Natural Resources
7a. Avenue 03-67 Zone 13, Guatemala City, Guatemala
Mr. Juan Carlos Diaz Contreras
Director of International Cooperation
7a. Avenue 03-67 Zone 13, Guatemala City, Guatemala
El Salvador
Ministry of Environment and Natural Resources (MARN)
His Excellency Mr. Fernando Andrés López Larreynaga
Minister of Environment and Natural Resources
Kilometro 5 1/2 Carretera a Santa Tecla, colonia y calle Las Mercedes, Edificios MARN, San Salvador, El Salvador
Mrs. Diana Celeste Meléndez Huezo
Advisor to the Technical Cabinet
Kilometro 5 1/2 Carretera a Santa Tecla, colonia y calle Las Mercedes, Edificios MARN, San Salvador, El Salvador
Phone +(503) 2132-9343
Phone +(503) 7600-7576
celeste.melendez@marn.gob.sv
acanas@marn.gob.sv
Honduras
Ministry of Environment
Her Excellency Liliam Lizeth Rivera Hipp
Secretary of State, Secretariat of Natural Resources and Environment
Edificio Principal, 200 metros al Sur del Estadio Nacional, Tegucigalpa, Honduras
Nicaragua
Ministerio de Hacienda y Crédito Público (MHCP) / Ministry of Finance and Public Credit
Mr Bruno Mauricio Gallardo Palaviccine
Designated Focal Point / Vice Minister
Ministry of Finance and Public Credit, Bolivar Avenue in front of the National Assembly, Managua, Nicaragua
Phone +505 22223024-22281255
bruno.gallardo@mhcp.gob.ni
Mr. Norman Rodriguez
Technical Support for Operability/Coordination
Phone +505 22222260
norman.rodriguez@mhcp.gob.ni
Costa Rica
Ministry of Environment and Energy
Her Excellency Andrea Meza Murillo
Minister of Environment and Energy
Calle 5. Av. 8-10, San José, Costa Rica
Phone +(506) 22334533
Phone +(506) 22571417
Phone +(506) 22575456
andrea.meza@minae.go.cr
despachominae@minae.go.cr
Mrs. Norma Patricia Campos Mesén
Director of the Climate Change Directorate
Esquina Calle Ronda, Barrio Dent, Centro de Cambio Climático, San José, Costa Rica
Phone +(506) 22564298
Phone +(506) 83461513
cambioclimatico@minae.go.cr
npcm11@gmail.com
Panama
Ministry of Environment
His Excellency Milciades Concepción
Minister of Environment
Building 804, Albrook, Panama
Mr. Gustavo Padilla C.
Head of the International Coordination Office
Building 804, Albrook,, Panama
Phone (+ 507) 500-0803
gpadilla@miambiente.gob.pa
Dominican Republic
Ministry of Environment and Natural Resources
Ms. Milagros De Camps German
Deputy Minister of International Cooperation
Avenida Cayetano Germosén esq. Avenida Gregorio Luperón, Ensanche El Pedregal, Santo Domingo, Distrito Nacional, Dominican Republic (the)

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.