Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Vanuatu
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: C
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: 2016-12-01
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: SPREP; Vanuatu Meteorological & Geohazard Department
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Climate and Environment
  • Communications
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 23.00 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): $ 23.00 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): $ 26.63 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
Climate Information Services for Resilient Development in Vanuatu
GCF-FP035

Project Description
According to GCF website, this project will help address this need by achieving a paradigm shift to standardize the use of science-based climate information. This is seen as a necessary base to underpin awareness raising and long-term policy planning around climate change. Further, this project will expand the use of Climate Information Services (CIS) in five targeted sectors: tourism, agriculture, infrastructure, water management and fisheries. Specific project goals include building technical capacity to harness and manage climate data, developing practical CIS tools, fostering their use and disseminating tailored climate information. GCF funding will contribute to greater understanding of climate patterns across time to ensure adaptation planning and policy implementation is informed by the right data.
Investment Description
Contact Information
Accredited Entity: Secretariat of the Pacific Regional Environment Programme (SPREP) Project Contact: Mr. Simon Wilson Telephone No.: +685 21929 Ext 346 Email Address: simonw@sprep.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