FP128

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

 

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 - 22 days so far

Approved by GCF Board

12 Mar 2020

Under implementation

Completed

01 Jan 2032

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 financing

InstrumentAmount
EquityUSD 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

GCF Contacts

General media inquiries

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

Integrity issues

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

Accredited Entity

MUFG Bank, Ltd

Tomohiro Majima
Vice President
JP Tower, 2-7-2, Marunouchi, Chiyoda-ku, Tokyo, Japan
Phone +81-3-6259-2749
tomohiro_majima@mufg.jp
Akira Otaka
Director
2-7-1, Marunouchi, Chiyoda-ku, Tokyo, Japan, Tokyo, Japan
Phone +81-3-6259-2213
akira_ohtaka@mufg.jp

National Designated Authority

Paraguay

Secretariat of Technical Planning for Economic and Social Development

Carlos Alberto Olmedo
Minister- Executive Secretary
Estrella Nr. 505 esquina 14 de Mayo, Asunción Paraguay, Asunción, Paraguay
Phone +595 21 450 422
ministro@stp.gov.py
Ghana

Ministry of Finance

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

Environmental Protection Agency

Foday Jaward
Executive Chairman
21 Old Railway Line Brookfields, Freetown, Sierra Leone
Phone +23276423645
fmjaward@hotmail.com
Uganda

Ministry of Finance, Planning and Economic Development

Keith Muhakanizi
Permanent Secretary/Secretary to the Treasury (PS/ST)
Phone +256 414 707 135
keith.muhakanizi@finance.go.ug
Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Ecuador

Ministry of Environment

Steven Petersen
Undersecretary of Climate Change
Calle Madrid 1159 y Andalucia, Quito, Ecuador
Phone (593 2) 398 7600
steven.petersen@ambiente.gob.ec
Peru

Ministry of Economy and Finance

Carlos 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

Wordy Abdullahi
Director General, Resource Mobilization & Project Administration
Habtamu Denboba