To enable large-scale finance to increase the climate resilience of coastal businesses, communities and livelihoods in selected countries of Asia and the Pacific, through an innovative coral reef financing and insurance model

Project Details

GEF Project ID
10431
Country
Regional
Implementing Agencies
Asian Development Bank
Approval FY
2021
Status
Project Approved
Region
Regional
Executing Agencies
Ministry of Maritime Affairs and Fisheries / Ministry of Environment and Forests (Indonesia); Ministry of Environment, Climate Change and Disaster Management (Solomon Islands); Palawan Council for Sustainable Development (Philippines)
GEF Period
GEF - 7
Project Type
Medium-size Project
Focal Areas
Funding Source
Multi Trust Fund

Financials

USD
Co-financing Total
5,251,712
GEF Project Grant
1,278,539
GEF Agency Fees
121,461

Timeline

Received by GEF
11 Nov 2019
Concept Approved
19 May 2020
Project Approved for Implementation
28 Oct 2021