CABEI receives first disbursement of US$7.2 million from the Green Climate Fund to implement the Central American Dry Corridor Program and the Arid Zones of the Dominican Republic.
By Summa Magazine
The Central American Bank for Economic Integration (CABEI) received a disbursement of US$7.2 million from the Green Climate Fund (GCF)These resources will be used to begin the implementation of the Program “Ecosystem-based Adaptation to Increase Climate Resilience in the Central American Dry Corridor and the Arid Zones of the Dominican Republic”, a fundamental initiative aimed at addressing the pressing challenges posed by climate change in the region.
The Central American Dry Corridor, a vast and ecologically fragile region spanning Central America, is particularly vulnerable to the impacts of climate change, including droughts, extreme weather events and land degradation. The programme seeks to enhance the resilience of communities and ecosystems in this region by promoting Ecosystem-based Adaptation (EbA) measures for good land stewardship, improved water resource management and diversification of livelihoods.
“This disbursement marks an important milestone in our partnership with the Green Climate Fund and underscores our commitment to address the urgent challenges of climate change in Central America,” said CABEI Executive President Gisela Sánchez. “The financing will allow us to expand our efforts to support sustainable development and climate resilience in the region.”
The disbursement of US$7.2 million This is the first disbursement of a larger allocation from the FVC to the CABEI for this Program, which amounts to a total of US$174.3 millionThis operation will also deploy a financial mechanism that will facilitate access to reimbursable resources in this region for the implementation of EbA measures. The funds will be used to finance a variety of activities, including:
- Water catchment systems: Implementing rainwater harvesting systems can help communities capture and store water during the rainy season for use during dry periods.
- Soil Conservation: The use of soil conservation techniques, such as contour plowing and terracing, can help prevent soil erosion and maintain soil fertility in the dry corridor.
- Diversified livelihoods: such as agroforestry and ecotourism, can reduce dependence on agriculture and increase sources of income in the face of climate change.
- Community agroforestry: planting trees in watersheds to improve soil health, reduce erosion and provide shade for crops, thereby improving resilience to climate change.
CABEI consolidates its alliance with a key strategic partner such as the Green Climate Fund and is committed to continuing to promote positive and climate-resilient transformation for the countries of the region.
