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




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 - 354 days so far

FAA effective

30 Oct 2020

Disbursement - USD 10,182,111

18 Nov 2020

Disbursement - USD 7,444,000

01 Jun 2021


30 Oct 2034 - 4,760 days to go

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 financing71% 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
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. Atsuko Nuibe
Director, Sustainable Business Division
2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-3240-8186
Ms. Chika Fukuyama
Vice President, Sustainable Business Division
2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-3240-8180
More contacts

National Designated Authority

Ministry of the Environment and Sustainable Development (MADES)
His Excellency César Ariel Oviedo Verdun
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Phone +595 21 287 9000
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
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
Ms. Karina Maribel Barrera Moncayo
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Economy and Finance
Mr. Jose Alfredo La Rosa Basurco
General Director, General Directorate of International Economic Affairs, Competition and Productivity
Jr. Lampa N° 277 - Cercado de Lima,, Lima, Peru
Phone +(511) 311 5930
Environment, Forest and Climate Change Commission
Mrs. Tirhas Mebrahtu
P.O.BOX 12760, Addis Ababa, Ethiopia
Mr. Habtamu Denboba