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 2034
  • ESS Category Category A

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

Approved

12 Mar 2020 - 233 days

Approved by GCF Board

12 Mar 2020

FAA executed

04 Sep 2020

Under implementation

30 Oct 2020 - 175 days so far

FAA effective

30 Oct 2020

Disbursement - USD 10,182,111

18 Nov 2020

Completed

30 Oct 2034 - 4,939 days to go

Two regions

  • Latin America and the Caribbean
  • Africa

Seven countries

Two priority groups

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

GCF financing5% disbursed

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

Cofinancing

CofinancerInstrumentAmount
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
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 6485 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
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
MUFG_GCF_PF@mufg.jp
Ms. Chika Fukuyama
Vice President
JP Tower, 2-7-2, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-6259-7153
MUFG_GCF_PF@mufg.jp
More contacts

National Designated Authority

Paraguay
Ministry of the Environment and Sustainable Development (MADES)
His Excellency César Ariel Oviedo Verdun
Minister
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Phone +595 21 287 9000
ministro@mades.gov.py
Mrs. Graciela Soledad Miret Martinez
Director of the Directorate of Strategic Planning
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Ghana
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
gevaob@yahoo.com
bondi.gevao@epa.gov.sl
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Keith Muhakanizi
Permanent Secretary / Secretary to the Treasury
Phone +256 414 707 135
keith.muhakanizi@finance.go.ug
Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Ecuador
Ministry of Environment and Water
Ms. Karina Maribel Barrera Moncayo
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Peru
Ministry of Economy and Finance
Mr. Carlos Enrique Gallardo Torres
General Directorate of International Economic Affairs, Competition and Productivity
Jr. Lampa N° 277 - Cercado de Lima, Lima-Perú, Lima, Peru
Ethiopia
Environment, Forest and Climate Change Commission
Mrs. Tirhas Mebrahtu
P.O.BOX 12760, Addis Ababa, Ethiopia
Mr. Habtamu Denboba

Documents