| Financier | Commitments |
|---|---|
| The Forest Carbon Partnership Facility – Carbon Fund | 47.50 |
Emission Reductions Program to Combat Climate Change & Poverty in the Caribbean Coast, the BOSAWAS & the Indio Maiz Reserves
Abstract*
Country Context: Nicaragua’s economic and poverty outlook has been jeopardized by the political crisis that began in April 2018.Social and political unrest and a protracted political crisis have affected economic activity and eroded confidence. Real GrossDomestic Product (GDP) contracted by -4.0 and -3.9 percent in 2018 and 2019, respectively. According to the latest World Bankforecasts for 2020, economic growth is expected to fall to -5.9 percent... Show More
Development Objective
To make payments to the Program Entity for measured, reported and verified Emissions Reductions (ER) from reduced deforestation and forest degradation, as well as the enhancement of forest carbon stocks (REDD+) in targeted areas of Nicaragua, and to ensure that paid amounts are distributed according to an agreed benefit sharing plan.
Key Details
Project Details
P167434
Dropped
Philippe Dardel
Ministry of Finance and Public Credit
March 12, 2020
(as of board presentation)
July 29, 2022
N/A
US$ 47.50 million
Ministry of the Environment and Natural Resources (MARENA)
2022
US$ 47.50 million
N/A
High
N/A
BEGIN APPRAISAL
December 19, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 47.50 |
| Total Project Cost** | 47.50 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Results Framework
No data available.