Project Factsheet
Tools for » Disbursement to DRC National Fund REDD+ MPTF in accordance with the LOI and instructions from the CAFI Executive Board
Project ID:00103702Description:Disbursement to DRC National F
Fund:
Central African Forest Init.
Start Date *: 16 Dec 2016
Theme:
Disbursement Investment Prog.
End Date*: 31 Dec 2018
Country: Congo, The Democratic Republic Project Status: On Going
  Participating Organization:   DRC NF - DRC National Fund REDD+
About

Project Decription

In accordance to the CAFI Fund Standard Administrative Agreement5, the request from the Minister of Finance of the DRC, in his capacity as Chairman of the National Fund Steering Committee to make subtranches available, will be based on the financial needs defined in the annual work plan of the REDD+ National Fund, its programmatic projections and the relevant financial and narrative reports from implementers.

The funding will be made available for programming under the DRC National Fund in two tranches, the first one of up to ONE HUNDRED AND TWENTY MILLION US dollars (US$ 120,000,000.00) from the signing of this Letter of Intent and in accordance with the tentative schedule included in ANNEX I, and a second one of up to EIGHTY MILLION US dollars (US$ 80,000,000.00) dependent on independent verification. 

Tentative schedule of sub-tranches

DATE CAFI funding (US$)

2016                                       40 M

2017                                       40 M

2018                                       40 M

First Tranche Total                    120 M

 

2019                                       40 M

2020                                       40 M

Second Tranche Total               80 M

 

Total                                             200 M

Recent Documents
Key Figures
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Financials
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year; Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
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Latest Vouchers
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Contacts

If you have questions about this programme you may wish to contact the RC office in Congo, The Democratic Republic or the lead agency for the programme. The MPTF Office Portfolio Manager (or Country Director with Delegation of Authority) for this programme:

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