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Credit and Grant Agreements between the Green Climate Fund (GCF) and Corporación Andina de Fomento - Development Bank for Latin America (CAF)
Start Date:
16/11/2022
End Date:
N/A
Description
The agreement, which positions Colombia globally as a leader in agricultural sector adaptation to the impacts and effects of climate change, is characterized by favourable credit conditions for the country's finances, and contributes to the fulfilment of the commitments framed in the Nationally Determined Contribution (NDC) to have 10 agricultural sub-sectors implementing innovative adaptation initiatives and a 51% reduction of GHGs by 2030.
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