FP236
Basin Approach for Livelihood Sustainability through Adaptation Strategies (BALSAS)
Basin Approach for Livelihood Sustainability through Adaptation Strategies (BALSAS)
The Balsas Basin in Mexico is one of the country's most marginalised areas, making it highly vulnerable to climate change. Increasingly erratic rainfall and extended dry seasons are reducing agricultural productivity and degrading natural resources, leading to more frequent flooding, crop damage, and droughts, which further decrease crop yields. Despite considerable efforts by the government, including a strong tradition of payments for ecosystem services (PES) schemes, addressing these climate impacts remains challenging due to financial and institutional constraints. Integrating climate vulnerability systematically into territorial plans remains a key opportunity for improvement.
To address these challenges and take advantage of identified opportunities, this project will transform rural development incentives by emphasising the conservation of forest resources and strengthening of local institutions and capacities. Additionally, it will prioritise bottom-up decision-making and value chain development to ensure social inclusion and empower women, youth, and indigenous peoples.
This approach to climate-resilient production and sustainable land use will improve the livelihood resilience of the most vulnerable rural communities while conserving ecosystems in the Balsas Basin.
Project timeline
Pipeline
21 Jul 2021 - 1094 days
Concept note received
21 Jul 2021
Funding proposal received
18 Apr 2023
Cleared by GCF Secretariat
30 Apr 2024
Cleared by iTAP
16 Jul 2024
Approved
18 Jul 2024 - 127 days so far
Approved by GCF Board
18 Jul 2024
Legal opinion on AE's Internal Approval
12 Nov 2024
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Loan | USD 10,000,000 |
Grant | USD 19,500,000 |
Loan | USD 10,000,000 |
Total GCF Financing |
---|
USD 39,500,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 38,453,000 |
Co-Financing | Grant | USD 7,000,000 |
Co-Financing | Grant | USD 6,000,000 |
Total Co-Financing |
---|
USD 51,453,000 |
GCF Contacts
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
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Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
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Entity
International Fund for Agricultural Development
Associate Vice-President, Strategy and Knowledge Department (SKD)
Via Paolo di Dono, 44, Rome, Italy
Senior Climate Finance Specialist, Environment, Climate, Gender and Social Inclusion Division (ECG)
Via Paolo di Dono, 44, Rome, Italy
More contacts
National Designated Authority
Ministry of Finance and Public Credit, Unit of Public Credit and International Affairs
Director General of International Fora and Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Director of Sustainable Financing
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of Climate Change
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Deputy Director of International Fora
Av. Insurgentes Sur 1971, Plaza Inn, Torre III, Piso 3, Col. Guadalupe Inn, Alcaldía Álvaro Obregón, Ciudad de México, Mexico
Documents
Title | Type | Date |
---|---|---|
Basin Approach for Livelihood Sustainability through Adaptation Strategies (BALSAS) | Approved funding proposal | 14 Aug 2024 |
Environmental and social safeguards (ESS) report for FP236: Basin Approach for Livelihood Sustainability through Adaptation Strategies (BALSAS) | Environmental and Social Safeguards report | 31 May 2024 |