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LOANS & CREDITS May 3, 2019

Ghana - Forest Investment Program - Additional Financing

Strategic Climate Fund Grant: US $12.39 million equivalent

Strategic Climate Fund Credit: US $7 million equivalent

Credit Maturity: 40 years Grace: 10 years.

Project ID: P163745

Project Description: The Project will improve forest and tree management practices by cocoa farmers, CREMA communities, and forest reserve managers to reduce forest loss and degradation in selected landscapes in Ghana's High Forest Zone. The additional loan and grant will help finance the costs associated with augmenting the REDD+ and FIP by supporting the reduction of degradation and deforestation due to artisanal small-scale mining in forest landscapes; and the enhancement of private investment in forest plantation development, with community job creation, in forest and cocoa landscapes in Ghana’s High Forest Zone.