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opsaa@iica.int
Green Climate Financing Facility for Local Financial Institutions in Latin-America
Start Date:
29/09/2022
End Date:
29/09/2027
Description
Regional climate mitigation programme that channels green credit lines to local financial institutions in Chile, Ecuador, Panama and Peru to finance MSME projects in renewable energy, energy efficiency and sustainable land use. It includes technical assistance, awareness raising, capacity building and performance-based payments, targeting 10.7 MtCO2e in avoided emissions.
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
- Investment funds
- Incentives or subsidies for the adoption of good sustainable production practices
- Education and awareness building
- International financial cooperation
- International technical cooperation
- Entrepreneurial capacity building
- Technical assistance to producers
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 |
|---|---|
| GCF: Climate Green Fund | Global or multilateral funds |
| CAF - Development Bank of Latin America | Multilateral banking |
Institutions
| Institutions | Institutions rols |
|---|---|
| CAF: Development Bank of Latin America and the Caribbean | Execution and operation |
| CAF: Development Bank of Latin America and the Caribbean | Technical assistance |
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