Arbaro Fund – Sustainable Forestry Fund

Arbaro Fund – Sustainable Forestry Fund

  • Status Under implementation
  • Date approved 12 Mar 2020 at B.25
  • Est. completion 30 Oct 2035
  • ESS Category Intermediation 1

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

Legal opinion on AE's Internal Approval

18 Feb 2020


12 Mar 2020 - 233 days

Approved by GCF Board

12 Mar 2020

FAA executed

04 Sep 2020

Under implementation

30 Oct 2020 - 1,331 days so far

FAA effective

30 Oct 2020

Disbursement - USD 10,182,111

18 Nov 2020

Disbursement - USD 7,444,000

01 Jun 2021

Disbursement - USD 4,781,212

13 Mar 2023

To be completed

30 Oct 2035 - 4,149 days to go

Two regions

  • Latin America and the Caribbean
  • Africa

Nine countries

Two priority groups

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

GCF financing90% disbursed

EquityUSD 25,000,000
Total GCF Financing
USD 25,000,000


Co-FinancingEquityUSD 25,000,000
Co-FinancingEquityUSD 100,000,000
Co-FinancingEquityUSD 46,000,000
Co-FinancingEquityUSD 4,000,000
Total Co-Financing
USD 175,000,000

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

MUFG Bank, Ltd
Ms. Atsuko Nuibe

Director, Sustainable Business Division
2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-3240-8186
More contacts

National Designated Authority

National Planning Department
Ms. Carolina Díaz Primary
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
Ms. Jimena Cortés Secondary
NDA Technical Advisor
Calle 26 # 13 - 19, Bogotá, D.C., Colombia
Phone +57 601 3815000
Ministry of Environment, Water and Ecological Transition
Mr. Ángel Sandoval Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Planning and Development
Mr Abas Ali Primary
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
Phone +251 91 154 4526
Ministry of Finance
Dr. Alhassan Iddrisu Primary
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
Ministry of Environment and Natural Resources
Her Excellency María José Iturbide Flores Primary
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
Ministry of Economy and Finance
His Excellency Carlos Fernández Valdovinos Primary
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Ms. Adriana Samaniego Secondary
Senior Analyst
Chile 252 /1220, Asunción, Paraguay
Mr. Cristhian Trinidad Tertiary
Technical Analyst of the Vice Ministry of Economy and Planning of the Ministry of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Ministry of Economy and Finance
Mr. Jose Alfredo La Rosa Basurco Primary
General Director, General Directorate of International Economic Affairs, Competition and Productivity
Jr. Lampa N° 277 - Cercado de Lima,, Lima, Peru
Phone +(511) 311 5930
Sierra Leone
Environment Protection Agency
Dr. Abu-Bakar Massaquoi Primary
Executive Chairman
92 Dundas Street, Freetown, Sierra Leone
Mr. Sheku Kanneh Secondary
Chief Director
92 Dundas Street, Freetown, Sierra Leone
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
Ms. Maris Wanyera Secondary
Ag. Director Debt and Cash Policy
Phone +256772426456
Mr. Juvenal Muhumuza Secondary
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Phone +256781051485
Mr. Denis Mugagga Secondary
Head, Climate Finance Unit
Phone +256782805422
Phone +256702440655