FP128
Arbaro Fund – Sustainable Forestry Fund
Arbaro Fund – Sustainable Forestry Fund
The Programme will provide effective climate change mitigation outcome through investing in sustainable plantation forestry projects in emerging forestry markets of Latin America and Sub Saharan Africa, while also bringing adaptation co-benefits. This investment approach provides developing countries and their rural communities with a solution to increase carbon sinks by producing wood in a sustainable manner and conserving natural forests, whilst contributing to reduction of illegal logging.
Besides direct mitigation achieved in forest plantations, the Programme operations will lead to additional green house gas emission reduction benefits: the protection of natural forests in project areas, as well as the provision of alternative wood resources, will support efforts to combat deforestation and degradation of natural forests in project regions, and part of the carbon contained in harvested trees will be stored in wood products.
Project timeline
Pipeline
30 Aug 2017 - 926 days
Concept note received
30 Aug 2017
Funding proposal received
17 Jun 2019
Cleared by GCF Secretariat
22 Aug 2019
Cleared by iTAP
18 Feb 2020
Legal opinion on AE's Internal Approval
18 Feb 2020
Approved
12 Mar 2020 - 233 days
Approved by GCF Board
12 Mar 2020
FAA executed
04 Sep 2020
Under implementation
30 Oct 2020 - 1,469 days so far
FAA effective
30 Oct 2020
Disbursement - USD 10,182,111
18 Nov 2020
Disbursement - USD 7,444,000
01 Jun 2021
Disbursement - USD 4,781,212
13 Mar 2023
To be completed
30 Oct 2035 - 4,011 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing90% disbursed
| Instrument | Amount |
|---|---|
| Equity | USD 25,000,000 |
| Total GCF Financing |
|---|
| USD 25,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Equity | USD 25,000,000 |
| Co-Financing | Equity | USD 100,000,000 |
| Co-Financing | Equity | USD 46,000,000 |
| Co-Financing | Equity | USD 4,000,000 |
| Total Co-Financing |
|---|
| USD 175,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
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GCF Information DisclosureRequest information about this project
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
Entity
MUFG Bank, Ltd
Director
Ropemaker Place, 25 Ropemaker Street, London, United Kingdom
Vice President
20F, Marunouchi Eiraku Building 1-4-1, Marunouchi, Chiyoda-ku., Tokyo, Japan
More contacts
National Designated Authority
National Planning Department
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
NDA Technical Advisor
Calle 26 # 13 - 19, Bogotá, D.C., Colombia
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Planning and Development
Director, Economic Analysis and Policy
Gulele Sub-city, Woreda 1, Addis Ababa, Ethiopia
Ministry of Finance
Director of Economic Strategy and Research Division
P.O. Box MB 40 Ministries, Accra, Ghana
Ministry of Environment and Natural Resources
Minister of Environment and Natural Resources of Guatemala
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Head of International Cooperation
7 Avenida 03-67 Zona 13, Guatemala City, Guatemala
Ministry of Economy and Finance
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Senior Analyst
Chile 252 /1220, Asunción, Paraguay
Technical Analyst of the Vice Ministry of Economy and Planning of the Ministry of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Ministry of Economy and Finance
General Director, General Directorate of International Economic Affairs, Competition and Productivity
Jr. Lampa N° 277 - Cercado de Lima,, Lima, Peru
Environment Protection Agency
Executive Chairman
92 Dundas Street, Freetown, Sierra Leone
Chief Director
92 Dundas Street, Freetown, Sierra Leone
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit