Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Argentina
Location: Buenos Aires
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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: 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: Government of Argentina
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
Investment Type(s): Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 58.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD): $ 57.00 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): $ 1.60 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): $ 315.40 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: 2017-11-09
Implementation Project of the Integral Management Plan of the Lujan River Basin
GCF-FP054

Project Description
Argentina’s Buenos Aires Province has experienced intense rainfalls and flooding that have adversely impacted the Lujan River Basin. These are caused by a combination of factors including climate factors leading to increased rainfall frequency and intensity, the physical characteristics of the river basin, and other factors linked to land-use, urbanization and road and water infrastructure. The Lujan River Comprehensive Plan will address these problems. Structural adaptation measures such as increasing the conveyance capacity of the river, the construction of retention basins and the substitution of inflatable dams for lock gates will be combined with non-structural measures such as an early warning system, improved land-use management and institution strengthening. GCF’s financing will support the climate adaptation-related measures, while CAF and the Buenos Aires Province provide co-financing for the other non-climate measures.
Investment Description
Contact Information
Corporación Andina de Fomento (CAF) Mr. Antonio García Tel: +57 1 743 7369 Ms. Cristina Dozsa Tel: +58 212 209 2120 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