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Green Climate Financing Facility for Local Financial Institutions in Latin-America
Start Date:
29/09/2022
End Date:
29/09/2027
Description
Regional climate finance programme implemented by CAF with Green Climate Fund resources and CAF co-financing. It provides green credit lines to local financial institutions and awareness, technical support, incentive and capacity-building components to finance MSME and producer projects in renewable energy, energy efficiency and sustainable land use in Chile, Ecuador, Panama and Peru, targeting 10.7 MtCO2e in emission reductions.
Iniciative Type
Action scope
Multicountry
Evaluated
No
Stage
Implementation- Ongoing
Temporalidad
Medium-term
Number of Years
5 - Year -s
Related elements
Sectors:
Thematic Areas:
Beneficiaries:
Instruments:
- Access to preferential credits
- Subsidies to interest rates on agricultural loans
- Expansion of the supply of agricultural credit
- Technical assistance to producers
- Education and awareness building
- Studies and diagnoses
- Entrepreneurial capacity building
- International financial cooperation
- Incentives or subsidies for the adoption of good sustainable production practices
- International technical cooperation
Resultados:
Policy frameworks:
Budget in USD
Budget in USD
$100,000,000.00
Counterpart Budget
$50,200,000.00
Total Budget
$150,200,000.00
Annual Average Budget
$30,040,000.00
| Financing Sources | Financing Types |
|---|---|
| CAF - Development Bank of Latin America | Multilateral banking |
| GCF: Green Climate Fund | Global or multilateral funds |
Institutions
| Institutions | Institutions rols |
|---|---|
| CAF: Development Bank of Latin America and the Caribbean | Execution and operation |
| GCF: Green Climate Fund | Execution and operation |
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