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.
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 - 1,275 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 - 4,204 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing90% disbursed
| Instrument | Amount |
|---|---|
| Equity | USD 25,000,000 |
| Total GCF Financing |
|---|
| USD 25,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Equity | USD 25,000,000 |
| Co-Financing | Equity | USD 100,000,000 |
| Co-Financing | Equity | USD 46,000,000 |
| Co-Financing | Equity | USD 4,000,000 |
| Total Co-Financing |
|---|
| USD 175,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
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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
Documents
| Title | Type | Date |
|---|---|---|
| Gender assessment for FP128: Arbaro Fund – Sustainable Forestry Fund | Gender assessment | 18 Feb 2020 |
| Environmental and social safeguards (ESS) report for FP128: Arbaro Fund - Sustainable Forestry Fund | Environmental and Social Safeguards report | 06 Nov 2019 |