FP199

Public-Social-Private Partnerships for Ecologically-Sound Agriculture and Resilient Livelihood in Northern Tonle Sap Basin (PEARL)

Public-Social-Private Partnerships for Ecologically-Sound Agriculture and Resilient Livelihood in Northern Tonle Sap Basin (PEARL)

  • Status Under implementation
  • Date approved 16 Mar 2023 at B.35
  • Est. completion 26 Apr 2029
  • ESS Category Category B

The Northern Tonle Sap Basin (NTSB) in the center-west part of Cambodia is home to one of the region's most important agricultural systems, where farmers produce mainly cashew, mango, rice, and vegetables. The area is also severely threatened by climate change disruption as temperatures have steadily increased by a total of 0.8C° since 1950. At the same time, rainfall is becoming less frequent and more turbulent during rainy seasons, which is why the region is facing a dual threat of flooding and drought putting a total of 1.45 million people at risk either directly or indirectly.

The Public-Social-Private Partnerships for Ecologically-Sound Agriculture and Resilient Livelihood (PEARL) project aims to increase the climate resilience of agricultural production in NTSB by employing three components: climate foresight, market incentives, and enabling environment. The local farmers’ capacities to manage climate impacts will be enhanced through an innovative climate-resilient agricultural asset acquisition mechanism, encouraging empowerment and local ownership over climate adaptation efforts. Likewise, the Agriculture and Rural Development Bank of Cambodia will be strengthened to ensure that their agricultural lending capacities are fully developed and ready to engage with the lending needs of the smallholder farmers in this crucial region of Cambodia in the future.

Total project value

 

Beneficiaries

 

Direct
450,000
Indirect
1,000,000
Theme

Adaptation

Result areas

Project timeline

Pipeline

18 Dec 2019 - 1185 days

Concept note received

18 Dec 2019

Funding proposal received

18 Apr 2022

Legal opinion on AE's Internal Approval

04 May 2022

Cleared by GCF Secretariat

03 Aug 2022

Cleared by iTAP

13 Mar 2023

Approved

16 Mar 2023 - 42 days

Approved by GCF Board

16 Mar 2023

FAA executed

17 Mar 2023

Under implementation

26 Apr 2023 - 302 days so far

FAA effective

26 Apr 2023

Disbursement - USD 4,291,853

11 May 2023

Completed

26 Apr 2029 - 1,891 days to go

One region

  • Asia-Pacific

One country

One priority group

  • Least Developed Countries
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing12% disbursed

InstrumentAmount
GrantUSD 36,231,981
Total GCF Financing
USD 36,231,981

Co-financing

Co-financerInstrumentAmount
Co-FinancingIn-kindUSD 3,690,000
Co-FinancingIn-kindUSD 2,258,250
Co-FinancingIn-kindUSD 670,000
Total Co-Financing
USD 6,618,250

GCF Contacts

General media inquiries

GCF Communications
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Request for information

GCF Information Disclosure
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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

Accredited Entity

Food and Agriculture Organization of the United Nations
Ms. Elizabeth A. Bechdol
Primary

Deputy Director-General
Phone +39 06 57051800
DDG-Bechdol@fao.org
Ms. Maria Helena Semedo
Secondary

Deputy Director-General
More contacts

National Designated Authority

Cambodia
Ministry of Environment
H.E. Dr. Sophalleth Eang Primary
Minister of Environment
Morodok Decho Building, No. 503, Chamkarmon,, Phnom Penh, Cambodia
H.E. Mr. Paris Choup Primary
Secretary of State, Ministry of Environment
Phone (+855)17 313 366
choup.paris@moe.gov.kh
H.E. Dr. Sovuthy Pheav Secondary
Under Secretary of State, Ministry of Environment
Phone ( +855) 16 613 355
pheav.sovuthy@moe.gov.kh
H.E. Mr. Thy Sum Tertiary
Acting Director General, General Directorate of Policy and Strategy, Ministry of Environment
Phone (+855) 16 907 764
sum.thy@moe.gov.kh

News + Stories

Funding and subsidiary agreements signed on the same day between GCF, FAO, and Government of Cambodia, accelerating implementation of a new climate resilient agricultural project in Cambodia

21 Mar 2023 / The Green Climate Fund (GCF) and the Food and Agriculture Organization of the United Nations (FAO) have signed a project agreement, referred to as a Funding Activity Agreement (FAA) to rapidly begin the implementation of a USD 42.9 million project (with USD 36.2 million in GCF financing) that will increase the climate resilience of agricultural production in the Northern Tonle Sap Basin (NTSB), one of Cambodia's most important agricultural regions.