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with CARICOM Development Fund
for Belize and Saint Lucia
04 October 2019 | Strategic Frameworks
Programme title: Readiness to support the development of a Credit Risk Abatement Facility (CRAF) for CARICOM States
Country: Regional Institution
National designated authority: Belize, Saint Lucia
Implementing Institution: CARICOM Development Fund
Date of first submission: June 06, 2019.
Date of current submission / version number: V1.3
Readiness and Preparatory Support Page 2 of 19
How to complete this document?
- Please visit the Empowering Countries page of the GCF website to download the Readiness Guidebook
and learn how to access funding under the GCF Readiness and Preparatory Support Programme.
- This document should be completed by National Designated Authorities (NDA) or focal points with
support from their Delivery Partners where relevant. Once completed, this document should be
submitted to the GCF by the NDA or focal point to countries@gcfund.org.
- Please be concise. If you need to include any additional information, please attach it to the proposal.
- If the Delivery Partner implementing the Readiness support is not a GCF Accredited Entity for project
Funding Proposals, please complete the Financial Management Capacity Assessment (FMCA)
questionnaire and submit it prior to or with this Readiness proposal. The FMCA is available for download
at the Library page of the GCF website.
Where to get support?
- If you are not sure how to complete this document, or require support, please send an e-mail to
countries@gcfund.org.
- You can also complete as much of this document as you can and then send it to countries@gcfund.org,
copying both the Readiness Delivery Partner and the relevant GCF Country Dialogue Specialist and
Regional Advisor. Please refer to the Country Profiles page of the GCF website to identify the relevant
GCF Country Dialogue Specialist and Regional Advisor.
- We will get back to you within five (5) working days to acknowledge receipt of your submission and
discuss the way forward.
Please submit the completed form to:
countries@gcfund.org
Please use the following naming convention for the file name:
“GCF Readiness Proposal-[Country]-[yymmdd]”
Note: Environmental and Social Safeguards and Gender
Throughout this document, when answering questions and providing details, please make sure to pay
special attention to environmental, social and gender issues, particularly to the situation of vulnerable
populations, including women and men. Please be specific about proposed actions to address these
issues. Consult Annex IV of the Readiness Guidebook for more information.
Readiness and Preparatory Support Page 3 of 19
1. SUMMARY
Country submitting the proposal
Country name: Belize Name of institution representing National Designated Authority (NDA) or Focal Point: Ministry of Finance and Economic Development Name of NDA/Focal Point: Amb. Yvonne Hyde Position: Chief Executive Officer (CEO) Telephone: (501) 822-2526 Email: ceo@med.gov.bz, ceo.secretary@med.gov.bz
Full office address: Economic Development & Petroleum Sir Edney Cain Building Ground Floor, Right Wing, Belmopan, Belize.
Country name: Saint Lucia Name of institution representing National Designated Authority (NDA) or Focal Point: Ministry of Economic Development, Transport and Civil Aviation Name of NDA/Focal Point: Mr. Claudius Emmanuel Position: Permanent Secretary Telephone: 1-758-468-5825 Email: cladius.emmanuel@govt.lc
Full office address: Ministry of Economic Development, Transport and Civil Aviation. 1st Floor Financial Complex, Castries Saint Lucia.
Additional email addresses that need to be copied on correspondences: Leroy.martinez@med.gov.bz;
tdescartes@gosl.gov.lc
rsoomer@caricomdf.org; wvitalis@caricomdf.org
Date of initial submission
6 June 2019
Last date of resubmission
NA Version number V.1.3
Which institution will implement the Readiness and Preparatory Support project?
☐ National designated authority
☐ Accredited entity
☒ Delivery partner
Please provide contact information if the implementing partner is not the NDA/focal point
Name of institution: CARICOM Development Fund
Name of official: Mr. Eugene Williams
Position: Resource Mobilization Officer
Telephone number: 1-246-233-8295; 1-246-436-1849.
Email: ewilliams@caricomdf.org
Full office address: First Fl. SKYMall, Haggatt Hall, St. Michael, Barbados W.I.
Readiness and Preparatory Support Page 4 of 19
Additional email addresses that need to be copied on correspondences: rsoomer@caricomdf.org ; wvitalis@caricomdf.org
Title of the Readiness support proposal
Readiness to support the development of a Credit Risk Abatement Facility for CARICOM States– CARICOM Development Fund.
Type of Readiness support sought
Please select the relevant GCF Readiness activity area below (click on the box):
☐ I. Country capacity for engagement with GCF
☐ II. Country programming process
☒ III. Direct access to climate finance
☐ IV. Climate finance accessed
☐ V. Formulation of national adaptation planning and/or other adaptation planning
processes
Readiness and Preparatory Support Page 5 of 19
Brief summary of the request
The Credit Risk Abatement Facility (CRAF) is an initiative being developed by the
CARICOM Development Fund (CDF) in collaboration with the CARICOM
Secretariat, the Deutsche Gesellschaft für Internationale Zusammenarbeit
GmbH (GIZ), and other key implementing and strategic partners.
One of the critical challenges facing countries of the Caribbean in delivering on
their Climate Change priorities is that of “access to finance”. This Readiness
request and resultant Concept Note seeks to further aid countries of the region
to achieve their Climate Change priorities by strengthening SMEs access to
finance and encouraging the private sector to become a significant player as
well as to provide different financing options.
CRAF aims to provide an incentive for traditional and other types of financial
institutions to provide additional lending to small and medium-size entities
(SMEs) for renewable energy and energy efficiency projects in the Caribbean.
The key outcome from a study of this challenge which was conducted between
February and July 2018, was a proposed design for the CRAF made up of three
main components:
• A Credit Risk Instrument (CRI) to stimulate additional lending – by
underwriting up to 80% of a loan for renewable energy and energy
efficiency projects, the CRI would mitigate the risk of loss if and when a
borrower defaults;
• A Technical Assistance Facility to grow the market by helping local
participants such as SMEs, energy service companies and, in certain
cases, financiers, to build capacity amongst all players and;
• A programme of monitoring, evaluation and incremental improvement.
The CDB being the AE for the Caribbean region has agreed to handle the
submission of CDF’s request to the GCF once all the requisite documentation
has been completed. The CDF will work closely with the CDB to ensure that this
happens, in fact there is a working group established between both institutions
to address this. A planned pilot program is scheduled to commence in the 3rd
Quarter of 2020 and support from the GCF is required to develop a Concept
Note in support of a funding proposal for financial injection into the facility.
Readiness funding is required to complete this Concept Note which will
articulate the case for finding support through the development of the Note
along with an Environmental and Social Impact Assessment; a Gender Analysis
study and a detail review of the National Renewable Energy plans of the five (5)
identified pilot countries. Taken together the document will show the relevance
of this project to the stated aims of each of the country’s programming priorities
on renewable energy and the role it plays amongst SMEs development priorities
(Both Belize and Saint Lucia). In fact, PACT of Belize was recently accredited to
the GCF to assist NGOs on environmental projects/sectors. one of PT’s stated
goal is to assist in addressing one of the challenges to SME development; access
to financing for RE conversion. This proposed initiative will also benefit other
Readiness and Preparatory Support Page 6 of 19
countries in the region; in fact, Barbados, Grenada and Suriname will be
participating in the proposed pilot roll-out on a phased basis.
It is anticipated that implementation of this facility will aid in the reduction of
carbon emissions by the switch from fossil fuel power sources to renewable
energy (RE) as well as energy efficient (EE) machinery. This is in keeping with the
region’s goal of building resilience economically, socially and environmentally;
RE and EE has been adopted as a policy imperative by all CARICOM States as
agreed to in the CARICOM Energy Policy document, the effects of this change
will be demonstrated in the reduced fossil fuel bill of the region; increased trade
and employment; enhanced competitiveness to enable the region to compete
in the global environment and increased economic resilience and the ability to
rebound faster from natural disasters plaguing the region.
Total requested amount and currency
USD $124,986 Anticipated duration 12 months
Has the country received or is expecting to receive other Readiness and Preparatory Support funding allocations (including adaptation planning) from GCF or other donors?
☒ Yes
☐ No
This is the first time that the CDF is benefitting from Readiness resources. This application is supportive of the work done in Belize by the Caribbean Community Climate Change Centre (CCCCC) in support of the overall mandate of the DFC, Beltraide and the Chamber of Commerce to increase access to finance of SMEs. Additionally, it complements the recently awarded readiness grant by GCF to Jamaica which seeks to engage the private sector in that country as well as across the Caribbean especially as SMEs constitute some 80% of businesses in the region. SMEs contribute roughly 60% of GDP whilst accounting for roughly 70% of the employment in the region. Development of the CRAF will be able to support financing of RE/EE projects in CARICOM Member States where access to finance has been identified as one of the main challenges; CRAF would assist in leveraging local financial institutions to provide financing without the onerous collateral requirements at reduced interest rates. The Technical Assistance (TA) component of CRAF will support both the SMEs and the Financial Services providers to see the benefits of collaboration. Of all the countries who will benefit from the activities under this readiness namely Saint Lucia, Belize, Barbados, Grenada and Suriname, only Suriname has not benefitted from GCFs Readiness resource.
Readiness and Preparatory Support Page 7 of 19
2. BACKGROUND
Readiness and Preparatory Support Page 8 of 19
The Caribbean region is faced with catastrophic natural disasters on an annual basis with the potential to wipe
out or severely diminish a country’s Gross Domestic Product (as evidenced recently in 2017 with the passages
of Hurricane Irma and Maria which effectively eclipsed as much as 90% of the GDP in some of the islands
affected). Small and Medium sized enterprises (SMEs) comprise the majority of the productive base of most of
the countries in this region, and the impact of power sources (energy) plays a significant role in the
competitiveness of all enterprises. As the region seeks to pursue economic resilience, it is mindful of the
impacts these disasters have on the environment and on the economic and social fabric of the communities.
The current financing of renewable energy and energy efficiency projects is hampered by several
factors: a perceived lack of demand from SMEs; limited understanding of the technology and
potential cost savings that can be achieved through such interventions (from financiers and SME
business owners alike); a relatively under-developed local market, including energy service
companies; Lack of collateral or cash flow resources by SMEs; and a limited risk appetite among
financers to extend credit for such interventions to SMEs. The region needs to effectively deploy it
climate finances to achieve the goals of its NDC (based on each country’s commitment) and that of
the UNFCCC. The CDF being the only regional Development Fund is uniquely placed to be the vehicle
to foster this objective as well as resilient economic development through the provisions of climate
Readiness and Preparatory Support Page 9 of 19
finance initiatives (grants and loans) together with technical assistance. Through the financing of
these RE/EE projects in MSMEs, the CRAF will help MSMEs and Countries of the region to reduce
their GHG emissions and at the same time build resilience to adverse weather systems through the
use of RE sources as opposed to the existing fossil fuel based sources which are severely prone to
disruptions in severe weather related conditions.
There have been attempts in some of the Member States of CARICOM to address this challenge with
assistance from multilateral institutions, e.g. IDB led Eco-Micro Lending Programme to support
lending to households and MSMEs in Jamaica and to a lesser extent Saint Lucia for RE and EE
investments to help reduce the carbon emissions from fossil fuel appliances/systems and build
resilience both economically and environmentally. CRAF seeks to build on these efforts by
leveraging financial resources held by the private sector to support these types of activities whilst
at the same time reducing the burden on beneficiaries for high and oftentimes unnecessary
collateral requirements.
CRAF seeks to overcome these barriers through an integrated approach – provide a credit risk
guarantee to financiers and a targeted technical assistance programme to build capacity amongst
SMEs, financiers and a variety of other market participants, including energy service companies. An
initial feasibility and design study in 2018 focused on five (5) Caribbean countries: Jamaica (now
replaced by Grenada), Belize, Suriname, Barbados and Saint Lucia. The consultancy reviewed the
region’s low-carbon energy marketplace and looked at what forms of intervention would work to
encourage the uptake of renewable energy and energy efficiency in the SME sector.
The CRAF development has not undertaken any gender related activity in relation to the SME sector.
However, there have been a number of studies done (CDB financed Country Gender Assessments)
regarding to the issue of gender in SMEs of the region and also in the context of RE/EE activity in the
region.
The five (5) countries of the proposed pilot programme are all signatories to the UN SDGs and MDGs
which involves a commitment to promoting gender equality and women’s empowerment. CRAF will
build and support actions that seek to promote women in business especially amongst Caribbean
SMEs.
The design recommendations for CRAF were validated and endorsed during a stakeholder workshop held in
Paramaribo, Suriname, between 25 and 26 July 2018. Participants in the workshop refined and approved the
key elements of the design of the CRAF, including the. The design endorsed by stakeholders for the Credit Risk
Instrument, a Technical Assistance Facility and Monitoring and Evaluation Framework. The recommended
CRAF conceptual model would consist of several key parts and be designed to stimulate additional projects
and financing going into RE/EE in micro and small to medium-scale enterprises (MSMEs):
• A series of CRAF Partners playing key roles in achievement of CRAF objectives. These would be drawn
from financiers, intermediaries such as ESCOs, industry associations, other providers of finance and risk
mitigation and, potentially, larger MSMEs.
• A comprehensive Technical Assistance Facility (TA) that would (a) stimulate demand by direct and indirect
promotion of RE/EE; (b) build financier capacity in financing of RE/EE projects; and (c) help to build a viable
“sector” by providing capacity building to service providers as well as intermediaries such as ESCOs;
• A Credit Risk Instrument (CRI) available to financiers, intermediaries/ESCOs/funds or larger project
developers and written at project or portfolio level, with the following key characteristics:
Up to 80% project costs covered
Subordinated on initial loss and [hybrid] seniority on recoveries
Maximum tenor [7] years
Local and/or local currency
Readiness and Preparatory Support Page 10 of 19
Streamlined application, assessment, approval and claims using (a) information provided by CRAF
Service Providers and (b) a simple online platform to be developed
The CRAF financial structure will take into account that the GCF funding currency must be in USD/EUR.
See Annexes 1 and 2 for supporting details.
Readiness and Preparatory Support Page 11 of 19
3. LOGICAL FRAMEWORK AND IMPLEMENTATION SCHEDULE
Outcomes
Baseline1
Targets Activities2
(brief description and deliverables)
Anticipated duration: 12 months
Monthly implementation plan of activities3
1-2 3-4 5-6 7-8 9-10 11-12
Outcome 4: Climate finance strategies and project pipeline strengthened
Sub-Outcome 4.4: Market preparation and business planning for deployment and scale-up of prioritized climate technology solutions
1 2 Previously, an initial study was conducted on the development of the CRAF to identify the unmet demand for RE/EE financing amongst SMEs and to assess the appetite amongst the private sector commercial banks for funding activities in this sector. It also looked at what supporting action would be required to create the enabling environment for this initiative to flourish (see Annexes 1 and 2 attached). The results indicated that there was a huge unmet demand and also that the private sector banks are interested but lack the institutional capacity to address the challenges. CDF is now seeking to move this project to the next stage for full funding by the GCF and as such has to undertake the following actions (from a carbon emission perspective as well as an ESS perspective) to meet GCF’s institutional requirements.
Activity 4.4.1: Conduct an assessment of the impact that CRAF will have on the environment in which it will operate and the effects on all stakeholders inclusive of minority groups and women; various country targets such as level of GHG emissions, etc. Deliverable 4.4.1: A completed report giving an assessment of the Environmental and Social Impact of the CRAF in the remaining three (3) Member States (Barbados, Grenada and Suriname) before being made available to all CSME members. This report would complement the demand assessment and programme design of the CRAF done in 2018. (See CRAF Final model and Report 2018) Timeline: (month 3) NB: Despite the decision of the CDF to use the SAP where an ESS would be produced for the countries of Belize and Saint Lucia initially, For the wider rollout of the CRAF Initiative, an ESS will still have to be done for the remaining countries of the Five country Pilot project.
X
Outcome 4 Climate finance strategies and project pipeline strengthened
Sub-Outcome 4.3: Project Concept note developed
0 1 Previously, an initial study was conducted on the development of the CRAF to identify the unmet demand for RE/EE financing amongst SMEs and to assess the appetite amongst the private sector commercial banks for funding activities in this sector. It also looked at what supporting action would be required to create the enabling environment for this initiative to flourish. The results indicated that there was a huge unmet demand and also that the private sector banks are interested but lack the institutional capacity to address the challenges. CDF is now seeking to move this project to the next stage for full funding by the GCF and as such has to undertake the following actions (completed Concept Note) to meet GCF’s institutional requirements. Activity 4.3.1:
a) Review the C-SERMS report, which includes a description of the National and Regional renewable energy sector policies and strategies as it relates to the identified five (5) pilot countries.
b) Undertake a detailed review of the work done thus far on the CRAF including a pre-feasibility study on the CRAF. c) Host consultations with stakeholders to get feedback d) Undertake a risk assessment of the CRAF and create a framework for monitoring the CRAF e) Prepare a draft Concept Note in the GCF format outlining the case for funding of the proposed CRAF.
Deliverable 4.3.1:
X
X
1 For baselines rated at 1 or 2, please shortly elaborate on current baselines on which the proposed activities can be built on, processes that are in place that the current Readiness proposal can strengthen, or any gaps that the proposed activities would fill in. If more space is needed, please elaborate this in Section 2.
2 Please include tangible and specific deliverables for each activity proposed, and the timeframe (month number) in which it will be delivered to GCF. Please note that during implementation all deliverables should be included within the implementation reports for GCF consideration.
3 If the duration of the proposal is longer than 24 months, please change the monthly columns to indicate 2 or 3 months each (e.g. change month “1” to month “1-2’ or “1-3”).
Readiness and Preparatory Support Page 12 of 19
a) Report on Results of the proposed savings in carbon emissions from the project using a Log Frame format for all Member States
b) Fully developed Concept Note to access GCF funding through a full financial proposal.
c) Conduct a consultation/validation workshop on the contents of the developed Concept Note and include commentary
received in the final document.
d) Development of a detailed risk assessment and framework for monitoring and reporting of the CRAF in participating Member States.
e) A pre-feasibility report on the CRAF
X
X
Outcome 2 Country Programming process
Sub-Outcome 2.4: Gender issues in climate finance programming
1 2 Previously, an initial study was conducted on the development of the CRAF to identify the unmet demand for RE/EE financing amongst SMEs and to assess the appetite amongst the private sector commercial banks for funding activities in this sector. It also looked at what supporting action would be required to create the enabling environment for this initiative to flourish. The results
indicated that there was a huge unmet demand and also that the private sector banks are interested but lack the institutional capacity to address the challenges. No assessments of a gender responsiveness was undertaken during this study, CDF is now seeking to move this project to the next stage for full funding by the GCF and as such is seeking to undertake the following actions (Gender Analysis and Sensitivity report) to meet GCF’s institutional requirements. Activity 2.4.1: Undertake a gender Analysis study which will support/guide the implementation of the CRAF, taking into account the GCF Gender Policy as it relates to the identified five (5) pilot countries. Deliverable 2.4.1: A Gender Analysis report and action Plan with the aim of identifying gender considerations and devising ways of streamlining gender equality in the project proposal. Host a stakeholder consultation on the results of the Gender Analysis across the five (5) countries. A Gender Plan and Policy for the CDF
X
X
Readiness and Preparatory Support Page 13 of 19
4. ADDITIONAL INFORMATION (ONLY FOR ADAPTATION PLANNING SUPPORT)
N/A.
Readiness and Preparatory Support Page 14 of 19
5. BUDGET, PROCUREMENT, IMPLEMENTATION, AND DISBURSEMENT
5.1 Budget plan
Please complete the Budget Plan in Excel using the template available in the Library page of the GCF website.
5.2 Procurement plan
Please complete the Procurement Plan in Excel using the template available in the Library page of the GCF
website. For goods, services, and consultancies to be procured, please list the items, descriptions in relation to
the activities in section 2, estimated cost, procurement method, relevant threshold, and the estimated dates.
Please include the procurement plan for at least the first tranche of disbursement requested below and provide a
full procurement plan for the entire duration of the implementation period if available at this stage.
5.3 Disbursement schedule
Please specify the proposed schedule for requesting disbursements from the GCF. For periodicity, specify
whether it’s quarterly, bi-annually or annually only.
Please choose one option among the two below and delete the one that does not apply to you. Please fill in
information under brackets:
☒ Readiness Proposal that requires a bilateral Grant Agreement to be signed with the GCF (please add
more disbursement as needed)
• The first disbursement amounting USD 100,000 will be transferred upon approval of the readiness
request and effectiveness of the Grant Agreement;
• The second disbursement amounting USD 24,986 will be made upon submission of a completion
report and financial report, in form and substance acceptable to the Fund, including an audited
expenditure statement.
Please include an indicative disbursement table showing the expected amounts to be requested and keep to
multiples of USD 5,000.
Readiness and Preparatory Support Page 15 of 19
6. IMPLEMENTATION ARRANGEMENTS AND OTHER INFORMATION
6.1 Implementation map
Please describe how funds will be managed by the NDA and/or the Readiness Delivery Partner.
The CDF will have overall oversight of the project and will provide periodic reporting throughout the project to
all stakeholders (GCF, the NDAs of Belize and Saint Lucia and the CDB who are included in the joint
CDF/CDB team managing the development of the CRAF); these will include (a) Procurement Plan (b)
Financial Reports on disbursements and related expenditure (c) Monitoring Reports monthly and (d) progress
reports. The CDF will also work closely with the CDB and in fact there is a working group established between
both institutions to address this collaboration.
CDF and the NDA of Belize (Ministry of Economic Development & Petroleum) has a history dating back to 2011 where financial support (both loans and grants) was provided to the Development Finance Corporation (DFC) for on-lending to SMEs to support energy efficiency and renewable energy initiatives. In fact, Belize was the recipient of the first loan to be disbursed by the CDF, more recently, a further US$3M was provided in additional support to the DFC for on-lending to support SMEs to be more competitive. A number of tourism projects in the Waterfoot Caye and other areas in Belize has benefitted from this support. Both the NDA and the CDF enjoy a mutually rewarding relationship and the CDF plays an integral part in the pursuit of the country’s economic development and resilience strategy.
A similar relationship exists with the NDA of Saint Lucia as well whereby financial support (both loans and
grants) have been provided for amongst other things, agriculture resiliency initiatives as well as energy
efficiency and renewable energy projects on the island.
The Delivery Partner (CDF) will have full responsibility for the execution of the Consultancies including guiding
the Consultant, preparing and execution of the Procurement Plan, Financial Reporting and providing
Monitoring reports to the NDA (Belize and Saint Lucia) and other stakeholders. A Project Manager will be
appointed by the CDF and shall report monthly to the CEO of the CDF and copy to the NDA (Belize and Saint
Lucia). The Project Coordinator/Manager will have day to day responsibility for the overall implementation of
the project. He/she will be responsible for managing the various consultants and ensuring that the required
deliverables are submitted in adherence to accepted quality standards. In addition, he/she will ensure that all
reporting/monitoring (financial, procurement and administrative templates) is done and submitted to the
relevant parties for their approval and consideration if necessary.
The CDF’s Procurement and Finance Units will provide essential services for the delivery of goods, works and
services needed to realize the outputs of this Readiness. They will also provide guidance to the Project
Manager for best practices in the procurement and purchase of goods, works and services. After approval of
the Grant, a notification letter will be sent by the GCF to the DP.
Title to goods and other property financed by the Fund under the Grant Agreement shall be held by the Recipient or other entity approved by the Recipient, unless the Fund directs, at any time in its sole discretion that title be transferred to the Fund or another Entity nominated by the Fund.
All non-tangible services deliverables will be shared with the CDF and be stored in a knowledge database and
uploaded to the CDF website under its documents & publications sub-menu for access by all users/visitors to
its website; protocols are in place through our website maintenance policy to treat with these items.
Readiness and Preparatory Support Page 16 of 19
Flow Chart of Proposed Implementation Arrangement
6.2 Risks, monitoring and evaluation (M&E), and other relevant information
TYPE OF RISKS RISKS RISK LEVEL
(Low;
medium;
High)
MITIGATION
Financing Risk Funding not
received in
timely manner.
Low Disbursement request will be
made in a timely manner. In
addition, most expenses
associated with this project will
be front loaded.
Schedule Risks Delays in
implementation,
disbursements
or reporting.
Low Periodic review meeting will be
held with all stakeholders and
gaps, deficiencies will be
identified and addressed.
Cost and market Risk Loss of
purchasing
power due to
inflation and FX
fluctuations.
Medium Funds will be held in US$ to
mitigate against any market
volatility.
Green Climate Fund
NDA - BelizeProject
Coordinator
Consultant 1
Consultant 2
Consultant 3
CDBNDA - Saint
Lucia
CARICOM DEvelopment
Fund
Readiness and Preparatory Support Page 17 of 19
Environmental Risks Natural
disasters which
affect the
Caribbean
region annually.
Low Scheduling of most activities
outside of the Hurricane season
as much as possible.
CDF has been working closely
with the Caribbean Disaster
Emergency Management
Agency (CDEMA) in its support
to infuse resilience
management practices in all
aspects of economic activity.
This activity is supported by a
host of development partners
including the EU, UN, GIZ and
Canada to name a few.
Human Resource/Consultant
Risks
Timely
identification of
suitable
resource.
Low Recruitment will commence in
parallel with the startup
activities to reduce lag time.
M & E PLAN
OBJECTIVES Month 1 Month 2 Month 3 Month 4 Month 5 Month 6
Enabling
Effectiveness:
ensuring that
all
stakeholders
are aware and
ready to
receive the
various
requests from
the
Consultants.
Communicatio
n strategy with
stakeholders.
Monthly
meetings
with
stakeholder
s (Virtually)
Monthly
meetings
with
stakeholder
s (Virtually)
Monthly
meetings
with
stakeholder
s (Virtually)
Monthly
meetings
with
stakeholder
s (Virtually)
Monthly
meetings
with
stakeholder
s (Virtually)
Monthly
meetings
with
stakeholder
s (Virtually)
Assessing
Progress:
assessment of
the
Environmental
and Social
Safeguards;
report on
regional/nation
al renewable
Inception
reports
from
Consultants
Progress
reports
based on
periodic
meetings
with the
Consultants
Progress
reports
based on
periodic
meetings
with the
Consultants
Timely
feedback
from the
Project
Coordinator
on draft
documents
submitted
by the
Consultants
Participatio
n in all
stakeholder
consultatio
n to ensure
that issues
relevant to
the work is
addressed
Review of
all draft
final
documents
Readiness and Preparatory Support Page 18 of 19
energy sector
policies;
consultations
hosted; gender
analysis
undertaken.
Indicators of
progress will
be identified.
Enabling
Reporting:
Final concept
Note, ESS
Plan and
Gender
Analysis Plan
and
Assessment.
Final reports
on the
execution of
the
Consultancies.
Feedback
from
Steering
committee
(NDA
Belize, NDA
Saint Lucia
and CDB,
CDF)
Feedback
from
Steering
committee
(NDA
Belize, NDA
Saint Lucia
and CDB,
CDF)
THEORY OF CHANGE
The Theory of Change for the CRAF initiative is based on the premise that in roughly five (5) years time,
given sufficient financial resources and technical assistance support, significant changes can be made
by stakeholders (SMEs, Financial Institutions, Suppliers and Consultants) towards the realization of
energy resilience and utilization of non-fossil energy sources leading to Economic and Environmental
resilience.
Assumptions:
• All stakeholders are supportive of the CRAF
• Adequate resourcing (Financial and Technical) of the CRAF/CDF
• Relative global economic, political and social stability
• Strengthened capacity of stakeholders to implement CRAF
• Increased regional support for RE/EE efforts.
Risks
• Natural disasters and challenges of climate change
• Rapidly evolving technologies as it relates to the energy sector.
Readiness and Preparatory Support Page 19 of 19
CR
AF
Output
Credit risk Instrument
Technical Assistance programme
Intermediate Outcomes
Reduction in GHG emissions
Greater use of non fossil energy sources (solar, wind,
etc)
Ultimate Outcome Environmental Resilience
5.1 Budget Plan
Please add rows for Outcomes, Outputs and Cost Categories as required. Additional budget categories may be added by manually typing them on the Budget Category sheet.
Consultant - Individual - Local W/Day 40 500.00 20,000.00 25,000.00
Travel – Local Trip 5 1,000.00 5,000.00
-
-
-
-
Consultant - Individual - Local W/Day 24 500.00 12,000.00
Travel – Local Trip 5 600.00 3,000.00 50,000.00
Consultant - Individual - Local W/Day 40 500.00 20,000.00
Workshop/Consultation Training 1 10,000.00 10,000.00
Travel – Local Trip 5 1,000.00 5,000.00
Consultant - Individual - Local W/Day 40 500.00 20,000.00
Travel – Local Trip 5 1,000.00 5,000.00 35,000.00
Workshop/Consultation Training 1 10,000.00 10,000.00
-
110,000.00 110,000.00 - - - - -
Consultant - Individual - Local Month 6 500.00 3,000.00
Audit Fee Lumpsum 1 4,000.00 4,000.00
- do not change the formula do not change the formula
- 7,000.00 8,250.00
- 6.36% 7.50%
Total (per budget category)
-
4,000.00
-
75,000.00
- Project Management Cost (PMC) 6.4% requested
- Contingency requested
-
-
18,000.00
-
-
-
-
-
-
97,000.00
0
0
Climate finance strategies
and project pipeline
strengthened
A pre-feasibility analysis of the CRAF in the
identified five (5) pilot countries conducted.
Stakeholder Consultations
15,000.00
Concept Note developed.
Risk Assessment and Framework tool for
monitoring and reporting on CRAF completed.
35,000.00
FOR GREEN CLIMATE FUND SECRETARIAT'S USE ONLY
FOR GREEN CLIMATE FUND SECRETARIAT'S USE ONLY
Audio Visual & Printing
Actual amount and %
of PMC requested:
Travel - International
Travel – Local
Total Project Budget (Total Activity Budget + Contingency + PMC + DP)
Audit Fee
118,100.00
Climate finance strategies
and project pipeline
strengthened
Unit Cost# of UnitOutcomes Budget Categories
choose from the drop-down listUnit 6m
-
-
A completed Environment and Social Impact
Assessment report delivered
50,000.00
Country programming
process
Consultant - Individual - International
Consultant - Individual - Local
Maximum PMC that
can be requested:
Disbursement Plan
IT Equipment
Office Supplies
Detailed Budget (in US$)
18m
Professional Services – Companies/Firm
25,000.00
Total Outcome Budget + PMC
Total Outcome Budget
6,885.23
Total Budget(per sub-outcome)
Sub-Total (Total Outcome Budget + Contingency + PMC)
1,100.00
110,000.00
1%
Total Outcome Budget
36mTotal Budget
(per budget category)
7,000.00
Total Budget(per outcome) 12m 30m24m
124,986.00$
0
25,000.00
A Gender Analysis report.
A Gender Plan and Policy for the CDF25,000.00
Breakdown (per budget category)
Workshop/Training
0
0
Delivery Partner Fee (DP) - Up to 8.5% of the Sub-Total
35,000.00
Stakeholder Consultations held 10,000.00
Project Management Cost (PMC)Up to 7.5% of Total Activity Budget
Budget Note Detailed Description
Local Consultant Hiring a local consultant (Gender Specialist) for 40 days @ $500 per day for activity 2.4.1
Consultation Regional Workshop for I day for regional stakeholders (8) @ $10,000.
Travel Travel for Consultant to five countries @$1000 each
Local Consultant Hiring of Consultant to undertake pre-feasibility study of CRAF in 5 countries @ $500 for 30 days (4.3.1)
Consultation Regional Workshop for I day for regional stakeholders (8) @ $10,000.
Travel Travel for Consultant to five countries @$600 each
Local Consultant Hiring a consultant to caoduct an ESS for the Project for 40 days @ $500 per day for activity 4.4.1
Travel Travel for Consultant to five countries @$1000 each
Local Consultant Hiring of Consultant to coordinate all activities and finalize the Concept Note @$500 for 40 days for activity 4.3.1
Travel Travel for Consultant to five countries @$1000 each
5.2 Procurement Plan
Item Estimated Cost (US$)
Regional Workshop 1 - Risk
assessment & framework tool10,000.00
Regional Workshop 2 related to
Gender Analysis10,000.00
Local Travel 1 5,000.00
Local Travel 2 3,000.00
Local Travel 3 5,000.00
Local Travel 4 5,000.00
$ 38,000.00
Local Consultant 20,000.00
Local Consultant 20,000.00
Local Consultant 20,000.00
Local Consultant 12,000.00
$ 72,000.00
Consultancy Services
Climate Change Specialist Consultants Qualification Selection (CQS) $10,000 - $30,000 Sep 01,02019 1-Aug-2019
Pre-feasibility study
Researcher for pre-feasibility CQS $10,000 - $30,000 Sep 01,02019 1-Aug-2019
Travel for conduct of gender analysis
Sub-Total (US$)
Goods and Non-Consulting Services
Item Description Procurement Method
Thresholds
(Min-Max monetary value for which indicated
procurement method must be used)
Estimated Start Date Projected Contracting Date
airfare, per diem, catering and venue
for 40 personsDirect Award 30-Sep-2019 1-Aug-2019
airfare, per diem, catering and venue
for 40 personsDirect Award 1-Sep-2019 1-Aug-2019
Risk assessment & framework
tool/Concept Note development
Sub-Total (US$)
For goods, services, and consultancies to be procured, please list the items, descriptions in relation to the activities in Section 3, estimated cost, procurement method, relevant threshold, and the estimated dates. Please include the procurement plan for at least the first
tranche of disbursement requested below and provide a full procurement plan for the entire duration of the implementation period if available at this stage.
Gender Specialist CQS $10,000 - $30,000 Sep 01,02019 1-Aug-2019
Project Coordinator CQS $10,000 - $30,000 Sep 01,02019 1-Aug-2019
Environmental and Social safeguards
study
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