Project profile — IFAD Climate Finance Loan 2019-2021



Overview 

CA-3-P006240001
$150,000,000
IFAD - International Fund for Agricultural Development (41108)
2019-12-19 - 2021-03-31
Operational
Global Affairs Canada
MFM Global Issues & Dev.Branch

Country / region 

• Africa, regional (50.00%)
• North and Central America, regional (15.00%)
• South America, regional (10.00%)
• South and Central Asia, regional (8.00%)
• Far East Asia, regional (17.00%)

Sector 

• Agricultural development:
Agricultural development (31120) (10.00%)
Agricultural land resources (31130) (10.00%)
Agricultural water resources (31140) (10.00%)
Food crop production (31161) (10.00%)
Agricultural education/training (31181) (10.00%)
Agricultural co-operatives (31194) (10.00%)
• General Environmental Protection: Environmental policy and administrative management (41010) (10.00%)
• Rural land policy and management:
Rural land policy and management (43041) (10.00%)
Rural development (43042) (10.00%)
Disaster Risk Reduction (43060) (10.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (significant objective)
• Trade development (not targeted)
• Biodiversity (significant objective)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (principal objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (significant objective)
• Disaster Risk Reduction(DRR) (principal objective)
• Disability (not targeted)
• Indigenous Issues (significant objective)
• Nutrition (significant objective)
• ICT as a tool for development (principal objective)

Description 

This project represents Canada’s 150-million-dollar unconditional repayable contribution (URC) – a loan – to the International Fund for Agricultural Development (IFAD) for climate finance that is aimed at supporting climate-smart agriculture in developing countries. This contribution supports IFAD’s full environmental and climate mainstreaming agenda whose overarching goal is to strengthen the environmental sustainability and climate resilience of rural people to overcome poverty and achieve food security. The purposes of this loan are: (1) to support IFAD’s provision of loans to eligible Member States in line with IFAD’s commitment to ensure that its Programme of Loans and Grants is climate-focused; and (2) to support gender mainstreaming and gender-transformative projects. Project activities include: (1) expanding IFAD’s support to smallholder farmers, particularly women; and (2) promoting farming practices adapted to climate change and adoption of technologies and practices which help reduce the carbon footprint from agricultural systems. This project is designed to enable poor populations to adapt to the effects of climate change, as well as reduce greenhouse gas emissions. .

Expected results 

The expected outcomes for this project include: (1) increased resilience of 24 million people; (2) reduction by sequestration and/or avoidance of greenhouse gas emission; (3) increased adoption of gender-responsive environmentally sustainable and adaptive technologies by vulnerable groups and individuals; (4) increased poor rural people’s access to natural resources; and (5) increased capacity of people, particularly women, to use and control environmentally sustainable technologies, infrastructure and practices.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Transaction Date Type Value
20-07-2020 Disbursement $80,000,000
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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