FP146

Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

The Caribbean Region (CR) holds the highest biodiversity in Nicaragua and is part of the important central American biodiversity corridor. However, the CR is experiencing the highest deforestation and forest degradation rates of any region in the country due to unsustainable management of ecosystems, demographic pressure, and a lack of investments. 

The project aims to restore degraded forest landscapes in the most biodiversity rich region of Nicaragua, the CR, and to channel investments into sustainable land-use management and forest management. It supports the implementation of the national REDD+ strategy, aiming to reduce 47.3 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions through reducing deforestation over 20 years. The project activities will reinforce interventions consisting of targeted investments for sustainable landscape restoration and management, the creation of an enabling investment environment, and development of strong local capacity for territorial governance and law enforcement, with the necessary supporting tools and instruments. 

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

18 Mar 2019 - 607 days

Concept note received

18 Mar 2019

Funding proposal received

09 Nov 2019

Cleared by GCF Secretariat

17 Aug 2020

Cleared by iTAP

21 Oct 2020

Approved

13 Nov 2020 - 341 days so far

Approved by GCF Board

13 Nov 2020

Legal opinion on AE's Internal Approval

12 Feb 2021

FAA executed

11 Aug 2021

Under implementation

Completed

One region

  • Latin America and the Caribbean

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
LoanUSD 37,954,962
GrantUSD 26,139,067
Total GCF Financing
USD 64,094,029

Cofinancing

CofinancerInstrumentAmount
Co-FinancingLoanUSD 19,949,506
Co-FinancingGrantUSD 24,316,473
Co-FinancingGrantUSD 8,282,213
Total Co-Financing
USD 52,548,192

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

Central American Bank for Economic Integration
Mr. Miguel Angel Méndez Castellanos
Head of Partnerships and International Cooperation Department
Boulevard Suyapa, Frente a la ENEE, Tegucigalpa, Honduras
Phone +504 2240 2206
mmendez@bcie.org
halvarado@bcie.org
Mr. Alberto Cabezón
Specialist of Green Funds Resource Mobilization, Partnerships and International Cooperation Department
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, M.D.C., Honduras
Phone +504 2240 2112
Phone +504 9454 7995
acabezon@bcie.org
More contacts

National Designated Authority

Nicaragua
Ministerio de Hacienda y Crédito Público (MHCP) / Ministry of Finance and Public Credit
Mr José Adrian Chavarría M.
Designated Focal Point / Vice Minister
Ministry of Finance and Public Credit, Bolivar Avenue in front of the National Assembly, Managua, Nicaragua
Phone +505 22224462
Jose.chavarria@mhcp.gob.ni
Mrs Luz Elena Sequeira Gutierrez
Technical Support for the Operability / Economic Consultant
Ministry of Finance and Public Credit, Bolivar Avenue in front of the National Assembly, Managua, Nicaragua
Phone +505-22224956
Phone +505-89997061
luz.sequeira@mhcp.gob.ni