Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Senegal
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: Active
Bank Risk Rating: U
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: 2017-10-01
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: World Food Programme; SE/CNSA (Secretariat Executif du Conseil National de Securite Alimentaire) of
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
  • Climate and Environment
Investment Type(s): Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 9.98 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): $ 9.98 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): $ 9.98 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: 2017-11-24
Building the Climate Resilience of Food-insecure Smallholder Farmers through Integrated Management o
GCF-FP049

Project Description
Increasing the resilience of vulnerable households in Senegal to climate-related risks through better risk management, water and soil conservation. Greater variability of rainfall, often causing drought, along with rising sea-levels, increased soil erosion and salinization of agricultural land are all expected to increase in Senegal as a consequence of climate change. Food-insecure, climate-vulnerable households are often forced to sell assets in response to weather-related impacts, which hinders longer-term resilience. Risk-reduction activities such as water and soil conservation measures, increased water availability, livelihood diversification and training on climate-resilient practices will be undertaken. These activities will be complemented by risk transfer through a weather index insurance programme that will transfer risk to the international market and provide farmers with compensation in case of climate shocks. The government of Senegal will contribute half the cost of the insurance premium to enrolling households. Other activities to increase resilience will include creating risk reserves to provide farmers with the ability to save for greater sustainability, and facilitating the use of surplus production as collateral for loans to unlock credit for investment.
Investment Description
Contact Information
GCF Private Sector Facility +82.32.458.6061 privatesector@gcfund.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