This Technical Cooperation (TC) aims to support Belize in developing its first operation under the IDB CLIMA Pilot Program. The program is designed to promote sector-specific investments that enhance the borrower's ability to integrate climate and biodiversity considerations into decision-making and planning processes, as well as improve readiness to access thematic green capital markets. To achieve this, IDB CLIMA offers grants to borrowers who successfully meet targeted results through sectoral investments, measured by Key Performance Indicators that: i) reduce development gaps while delivering impact in terms of biodiversity and climate; ii) strengthen the sector's capabilities to develop sectoral project pipelines that include climate and/or biodiversity considerations; and iii) strengthen sector-driven biodiversity and climate monitoring, reporting and verification (MRV) systems to meet international climate, biodiversity and thematic green debt standards.
Project Detail
Country
Belize
Project Number
BL-T1179
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
ENVIRONMENT AND NATURAL DISASTERS
Subsector
BIODIVERSITY AND PROTECTED AREAS CONSERVATION
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 800,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 400,000.00