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  • Inclusive Green Financing Initiative (IGREENFIN I): Greening Agricultural Banks & the Financial Sector to Foster Climate Resilient, Low Emission Smallholder Agriculture in the Great Green Wall (GGW) countries - Phase I

Inclusive Green Financing Initiative (IGREENFIN I): Greening Agricultural Banks & the Financial Sector to Foster Climate Resilient, Low Emission Smallholder Agriculture in the Great Green Wall (GGW) countries - Phase I

Geography
Approval FY
2022
Fund
Green Climate Fund
Fund Spend
$120,711,201.16
Co-Financing
$84,469,930.63

Summary

Countries covered by the ambitious Great Green Wall initiative to reverse land degradation in Africa are among the world’s poorest and most climate vulnerable. Climate shocks are causing a loss of assets, crops and livestock; disruptions to value chains; and soaring food prices. Projections indicate persistent agricultural strain - as rainfall levels are set to continue declining while temperatures increase. This cross-cutting programme will enhance access to credit and technical assistance for local farmers, farmers’ organisations, cooperatives and micro and small sized enterprises. This will help them implement climate-resilient and low-emission agriculture and agroforestry. This programme covers 11 countries in the Great Green Wall, in addition to Côte d’Ivoire and Ghana. A major aim of the initiative is to build greater coherence and complementarity of climate action in Africa.

Documents

About this project

Approval FY
2022
Fund
Green Climate Fund
Fund Spend
$120,711,201.16
Co-Financing
$84,469,930.63
Status
Under Implementation
Theme
Cross-cutting
Implementing Agency
International Fund for Agricultural Development
Sector
Public
Result Area
Ecosystems and ecosystem services, Energy generation and access, Forest and land use, Health, food, and water security, Livelihoods of people and communities
Type
Project
Topics
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Climate finance
Public finance actor

Note

Green Climate Fund Projects

Project information is sourced from Green Climate Fund. Please check terms of use for citation and licensing of third party data.