Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Tuvalu
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Green Climate Fund (GCF)
Status: Approved
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-06-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: United Nations Development Programme (UNDP)
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Water and Sanitation
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 36.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD): $ 36.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 38.90 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ GCF website
Updated in EWS: 2017-11-16
Tuvalu Coastal Adaptation Project
GCF-FP015

Project Description
According to GFC website, the project will build coastal resilience in three of Tuvalu's nine inhabited islands, managing coastal inundation risks. 2,780m of high-value vulnerable coastline will be protected, reducing the impact of increasingly intensive wave action on key infrastructure. The investments will build upon existing initiatives, using a range of measures for coastal protection including eco-system initiatives, beach nourishment, concrete and rock revetments, and sea walls. National capacity for resilient coastal management will also be developed, and the project will help to catalyse additional coastal adaptation finance from other donors.
Investment Description
Contact Information
Ms. Adriana Dinu United Nations Development Programme (UNDP) Telephone No.: +1 212 906 5143 Email Address: adriana.dinu@undp.org Mr. Lucas Black United Nations Development Programme (UNDP) Telephone No.: +1 212 906 5842 Email Address: lucas.black@undp.org ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.
Bank Documents