The general objective is to establish a facility to support the reduction of GHG emissions (particularly Scope 3) and contribute to net-zero value chains in the Amazon region and other geographical areas of the Bank's beneficiaries countries. The facility will help overcome technical, financial and knowledge barriers faced by bio-businesses (particularly in the Amazon region) and green entrepreneurs, ensuring required financial resources and capacity building to increase the availability of bankable investments.The facility will help increasing the flow of funds to initiatives that contribute to net-zero value chains
Project Detail
Country
Regional
Project Number
RG-O1715
Approval Date
July 21, 2023
Project Status
Implementation
Project Type
Container
Sector
ENVIRONMENT AND NATURAL DISASTERS
Subsector
CLIMATE CHANGE FINANCING
Lending Instrument
-
Lending Instrument Code
-
Modality
Facility
Facility Type
FFG (Facility Financing for Grants)
Environmental Classification
-
Total Cost
USD 0.00
Country Counterpart Financing
-
Original Amount Approved
USD 1,000,000.00