FP128

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

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

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

Approved

12 Mar 2020 - 233 days

Approved by GCF Board

12 Mar 2020

FAA executed

04 Sep 2020

Under implementation

30 Oct 2020 - 1,212 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

Completed

30 Oct 2035 - 4,268 days to go

Two regions

  • Latin America and the Caribbean
  • Africa

Nine countries

Two priority groups

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

GCF financing90% disbursed

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

Co-financing

Co-financerInstrumentAmount
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
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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
Primary

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

National Designated Authority

Colombia
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
clcortes@dnp.gov.co
Ecuador
Ministry of Environment, Water and Ecological Transition
Mr. Ángel Sandoval Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ethiopia
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
abas.mohammed5@gmail.com
Ghana
Ministry of Finance
Dr. Alhassan Iddrisu Primary
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
Guatemala
Ministry of Environment and Natural Resources
His Excellency Gerson Elías Barrios Garrido Primary
Minister of Environment and Natural Resources
7 Avenue 06-67 zone 13, Guatemala City, Guatemala
Phone (502) 2423-0500
Phone (502) 2423-0500
gebarrios@marn.gob.gt
gvalladares@marn.gob.gt
nomendoza@marn.gob.gt
Mr. Héctor Francisco Espinoza García Primary
Vice-minister of Natural Resources and Climate Change
7 Avenue 06-67 zone 13, Guatemala City, Guatemala
Phone (502) 2423-0500
Phone (502) 2423-0500
hfespinoza@marn.gob.gt
Mr. Norman Octavio Mendoza Dominguez Secondary
Coordinator of the International Cooperation Unit
7 Avenue 06-67 zone 13, Guatemala City, Guatemala
Paraguay
Ministry of the Environment and Sustainable Development (MADES)
His Excellency Rolando De Barros Barreto Primary
Minister of Environment and Sustainable Development
Avda. Madame Lynch nro. 3500, esq. Reservistas de la Guerra del Chaco, Asunción, Paraguay
Ms. Lilian Portillo Secondary
Director of the Strategic Planning Directorate - MADES
Avda. Madame Lynch nro. 3500, esq. Reservistas de la Guerra del Chaco, Asunción, Paraguay
Peru
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
jlarosa@mef.gob.pe
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
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
ramathan.ggoobi@finance.go.ug
Mr. Andrew Masaba Secondary
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation

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