Project

Project Reference Profiles – Senegal(SN07) Support to CNCAS for GCF pipeline development as DAE

At a Glance

Strategic Outcomes SO1, SO2, SO3
Start Date Q1  May 20 2019
End Date q1 Dec 20 2019
Funding Source Core
Actual Budget (USD) 6,797
Budget Percentage 107%
Actual Expenditure (USD) 7,257
Status Active
GGGI Share (USD) 6797
Poverty and Gender Policy Markers poverty, gender
Name of Client (Lead/Prime implementer if GGGI is part of a consortium) Ministry of Agriculture and Rural Equipment
Participating Organization (Funding/donor)
Name of consortium members, if any
Thematic Area
  • Sustainable Energy
  • Cross Cutting

Project context, objectives and description

Banque Agricole (former CNCAS) has signed a MoU with GGGI following an investors’ forum that had been organized by GGGI and the Ministry of Agriculture and Rural Equipment. The bank had signed letters of intent with 3 rice mills for rice husk waste to energy projects. In addition to those projects and in the context of the Green Climate Fund (GCF) accreditation process, Banque Agricole has signed the MoU with GGGI to benefit from the organization support throughout the accreditation process including the development of a pipeline of green bankable projects.   

The overall objective of this project is thus for the GGGI to provide support to the bank through capacity building so that it can develop a pipeline of green projects and provide financing to local and national projects and/or programs conducted at times by sponsors that are clients of the bank. It will also hopefully facilitate the institution’s accreditation by the GCF. GGGI is expected to provide capacity building to Banque Agricole for the identification of green projects, the development of tools to assess and monitor such projects.  

The project aligns with IO1. strengthened national, sub-national and local green growth planning, financing and institutional frameworks and IO2. increased green growth investment flows which enable partner governments to implement green growth policies. 

Type of services provided, and results achieved

Impact:  Development of pipeline of green bankable projects based on GCF criteria, Increased access to climate finance. 

Outcome: N/A 

Project Outputs completed in 2019 

i. Green Growth Policies:N/A

ii. Green Investments:N/A

iii. Capacity Building and Knowledge Products: N/A 

We expect more outputs in 2020.

Number of staff provided

Project Manager: Amadou Lamine Fall 

Da Yeon Choi, Josephe Innack,  Mamadou Konate and Romain Brillie. 

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