with CARICOM Development Fund for Belize and Saint Lucia€¦ · CARICOM Development Fund (CDF) in collaboration with the CARICOM Secretariat, the Deutsche Gesellschaft für Internationale

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 [email protected].

- 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

[email protected].

- You can also complete as much of this document as you can and then send it to [email protected],

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:

[email protected]

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.

https://www.greenclimate.fund/how-we-work/empowering-countries

mailto:[email protected]

https://www.greenclimate.fund/library/-/docs/list/574044



https://www.greenclimate.fund/countries



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: [email protected], [email protected]

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: [email protected]

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: [email protected];

[email protected]

[email protected]; [email protected]

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: [email protected]

Full office address: First Fl. SKYMall, Haggatt Hall, St. Michael, Barbados W.I.







Additional email addresses that need to be copied on correspondences: [email protected] ; [email protected]

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




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


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.


2. BACKGROUND


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


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


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.


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”).


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


4. ADDITIONAL INFORMATION (ONLY FOR ADAPTATION PLANNING SUPPORT)

N/A.


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.




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.


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


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


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.


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


Workshop/Consultation Training 1 10,000.00 10,000.00

Travel – Local Trip 5 1,000.00 5,000.00


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.


Local Consultant Hiring a consultant to caoduct an ESS for the Project for 40 days @ $500 per day for activity 4.4.1


Local Consultant Hiring of Consultant to coordinate all activities and finalize the Concept Note @$500 for 40 days for activity 4.3.1


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




$ 38,000.00

Local Consultant 20,000.00




$ 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

Documents

with CARICOM Development Fund for Belize and Saint Lucia€¦ · CARICOM Development Fund (CDF) in collaboration with the CARICOM Secretariat, the Deutsche Gesellschaft für Internationale