Database / Climate Finance Database / Risk Structure / FP022
FP022
Development of arganiculture orchards in degraded environment (DARED)
Country
Morocco
Region
Africa
Sector
Public sector
Approval Year
2016
risk_structure
2 rows
| risk_id | canonical_project_id | financing_component_id | risk_type | risk_bearer | risk_severity | mitigation_mechanism | mitigation_instrument_id | residual_risk_level |
|---|---|---|---|---|---|---|---|---|
| GCF_FP022_RISK_001 | GCF_FP022 | - | Financial / Fiduciary | ANDZOA (Executing Entity) | Low | ANDZOA has over 5 years of experience in managing, channeling, supporting and supervising project execution with considerable success in carrying out its fiduciary responsibilities. Internal audit committee designated by its Board of Directors follows and controls an external auditing process. Periodic spot-check reviews established. Subject to well-defined expenditure commitment procedures per Morocco public expenditure law. | - | Low |
| GCF_FP022_RISK_002 | GCF_FP022 | - | Co-financing / Implementation | ANDZOA / ADA | Low | Delay in securing co-financing does not affect the proposed core activities because the co-financing partners provide grants planned to become effective before project activities start. Co-financing is from ANDZOA's endowment fund and partner grants already committed. | - | Low |
Field Evidence
Financial / Fiduciary
ANDZOA (Executing Entity)
Low
ANDZOA has over 5 years of experience in managing, channeling, supporting and supervising project execution with considerable success in carrying out its fiduciary responsibilities. Internal audit committee designated by its Board of Directors follows and controls an external auditing process. Periodic spot-check reviews established. Subject to well-defined expenditure commitment procedures per Morocco public expenditure law.
Low
Co-financing / Implementation
ANDZOA / ADA
Low
Co-financing from partners is arranged as grants planned to become effective before project activities start. Co-financing includes ANDZOA's endowment fund, ABH-SM, and DRA-SM contributions from their annual budgets. GCF proceeds flow through GOM financial systems with ADA advancing cash funds on an annual basis to ANDZOA.
Low