Inclusive Green Financing Initiative (IGREENFIN I): Greening Agricultural Banks & the Financial Sector to Foster Climate Resilient, Low Emission Smallholder Agriculture in the Great Green Wall (GGW) countries - Phase I

  • Cross-cutting
  • Under implementation
Date approved
29 Mar 2022
Est. completion
30 Jan 2030
ESS Category
Category B
Financing
Public sector
Entity
International Fund for Agricultural Development

Overview

Countries covered by the ambitious Great Green Wall initiative to reverse land degradation in Africa are among the world’s poorest and most climate vulnerable. Climate shocks are causing a loss of assets, crops and livestock; disruptions to value chains; and soaring food prices. Projections indicate persistent agricultural strain - as rainfall levels are set to continue declining while temperatures increase.

This cross-cutting programme will enhance access to credit and technical assistance for local farmers, farmers’ organisations, cooperatives and micro and small sized enterprises. This will help them implement climate-resilient and low-emission agriculture and agroforestry. This programme covers 11 countries in the Great Green Wall, in addition to Côte d’Ivoire and Ghana. A major aim of the initiative is to build greater coherence and complementarity of climate action in Africa.

Result areas

Project timeline

  • Pipeline

    628 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    673 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    907 days so far

    • FAA effective

    • Disbursement - USD 4,820,624

  • To be completed

    1,286 days to go

    Not started

  • Total project value $ 202 million

  • Tonnes of CO2 equivalent avoided 5.6 million

  • Total number of beneficiaries 2.9 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 202 million

Show details

GCF-financing

4% disbursed

  • Loan USD 84,289,751.36
  • Grant USD 34,691,069.76
  • Total GCF-financing USD 118,980,821.12

Co-financing

  • Grant USD 29,876,239.2
  • Grant USD 16,857,950.27
  • Loan USD 13,111,055.4
  • Loan USD 14,048,291.89
  • Loan USD 9,365,527.93
  • Total co-financing USD 83,259,064.69

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