REDD+ Results-based payments in Paraguay for the period 2015-2017

REDD+ Results-based payments in Paraguay for the period 2015-2017

Recognising Paraguay’s REDD+ results for the years 2015-2017.

During these years, Paraguay has reduced a total volume 23 million tonnes of carbon dioxide equivalent (tCO2eq) in emissions from reducing deforestation, forest degradation, enhancement of forest stocks and conservation (REDD+).  The United Nations Framework Convention on Climate Change (UNFCCC) has assessed these results as being fully compliant with its REDD+ stipulations. Paraguay will use the payment to invest in implementing its National Strategy for Forests and Sustainable Growth, which is aligned with its Nationally Determined Contribution (NDC).

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


11 Jun 2019 - 157 days

Concept note received

11 Jun 2019

Funding proposal received

28 Jun 2019

Cleared by GCF Secretariat

08 Aug 2019

Legal opinion on AE's Internal Approval

20 Sep 2019

Cleared by iTAP

10 Oct 2019


14 Nov 2019 - 101 days so far

Approved by GCF Board

14 Nov 2019

FAA executed

14 Nov 2019

Under implementation


One region

  • Latin America and the Caribbean

One country

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

GCF financing

Results-Based PaymentUSD 50,000,000

GCF Project Team

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GCF Communications
Phone +82 32 458 7751
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
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Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
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Accredited Entity

National Designated Authority