PROADAPT - Inter-American Development Bank (IDB)

Donor: 
Any donor
International Finance Institutions
Geographical focus: 
Global
Americas
Thematic focus: 
Employment, decent work and capacity building in Tourism
Tourism and Culture
Trade, Investment and Competitiveness in Tourism
Intro text: 
In 2013, the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, and the Nordic Development Fund (NDF) have announced the launch of a $11.9 million regional facility, PROADAPT, which will support micro, small, and medium enterprises (MSMEs) in building climate resilience and accessing green business opportunities.

Official website

http://www.iadb.org/en/news/news-releases/2013-04-17/mif-nordic-development-fund-partner-on-proadapt,10426.html

Geographic focus

Latin America and the Caribbean

Who can apply?

The private sector: SMEs.

Objectives and activities

Objective: PROADAPT will help SMEs, value chains and communities to build climate resilience into assets and operations, and to explore the emerging field of tools, products and services that cater to the need to adapt to climate change.

Activities: RPROADAPT will work with a projected 2,000 MSMEs to develop new tools, business models, and knowledge that will increase their climate resilience—for example, their ability to anticipate damage from and minimize the effects of extreme weather events, modify production practices and value chains, withstand interruptions in basic services (such as electricity and water), and manage water at production sites. The facility will also work with MSME-related institutions, including local public authorities, to create greater awareness and knowledge of climate resilience among MSMEs.

Example in Mexico: the MIF helped 500 SMEs in the tourist, retail and food processing sectors to improve their climate resilience.

Type and level of funding

Participating MSMEs will receive support in identifying and accessing business opportunities that stimulate green growth. Financial support is provided in the form of grants, equity investments, and loans.

PROADAPT is a 5 year (2013-2018)  program with a budget of US$11,685,000.