Arbaro Fund – Sustainable Forestry Fund

Arbaro Fund – Sustainable Forestry Fund

The Programme will provide effective climate change mitigation outcome through investing in sustainable plantation forestry projects in emerging forestry markets of Latin America and Sub Saharan Africa, while also bringing adaptation co-benefits. This investment approach provides developing countries and their rural communities with a solution to increase carbon sinks by producing wood in a sustainable manner and conserving natural forests, whilst contributing to reduction of illegal logging.

Besides direct mitigation achieved in forest plantations, the Programme operations will lead to additional green house gas emission reduction benefits: the protection of natural forests in project areas, as well as the provision of alternative wood resources, will support efforts to combat deforestation and degradation of natural forests in project regions, and part of the carbon contained in harvested trees will be stored in wood products.

Total project value


Tonnes of emissions avoided




Result areas

Project timeline


30 Aug 2017 - 926 days

Concept note received

30 Aug 2017

Funding proposal received

17 Jun 2019

Cleared by GCF Secretariat

22 Aug 2019

Cleared by iTAP

18 Feb 2020


12 Mar 2020 - 204 days so far

Approved by GCF Board

12 Mar 2020

FAA executed

04 Sep 2020

Under implementation


01 Jan 2032

Two regions

  • Latin America and the Caribbean
  • Africa

Seven countries

Two priority groups

  • Least Developed Countries
  • African States
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

EquityUSD 25,000,000


Co-FinancingEquityUSD 25,000,000
Co-FinancingEquityUSD 100,000,000
Co-FinancingEquityUSD 46,000,000
Co-FinancingEquityUSD 4,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
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 6157
File a complaint

Integrity issues

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

Accredited Entity

MUFG Bank, Ltd

Ms. Utae Nagayoshi
Vice President
JP Tower, 2-7-2, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-6259-2393
Ms. Chika Fukuyama
Vice President
JP Tower, 2-7-2, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-6259-7153

National Designated Authority


Ministry of the Environment and Sustainable Development (MADES)

His Excellency César Oviedo Verdun
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Phone +595 21 287 9000
Mrs. Graciela Miret Martinez
Director of the Directorate of Strategic Planning
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay

Ministry of Finance

Dr. Alhassan Iddrisu
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
Sierra Leone

Environment Protection Agency

Dr. Bondi Gevao
Executive Chairman
Phone +23230082924
Phone +23279049175

Ministry of Finance, Planning and Economic Development

Mr. Keith Muhakanizi
Permanent Secretary / Secretary to the Treasury
Phone +256 414 707 135
Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation

Ministry of Environment and Water

Mr. Humberto Re Carrera
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador

Ministry of Economy and Finance

Mr. Carlos Gallardo Torres
General Directorate of International Economic Affairs, Competition and Productivity
Jr. Lampa N° 277 - Cercado de Lima, Lima-Perú, Lima, Peru

Environment, Forest and Climate Change Commission

Mrs. Tirhas Mebrahtu
Mr. Habtamu Denboba