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The document outlines a request for USD 642,600 from the Green Climate Fund's Project Preparation Facility to prepare a larger investment project (estimated at USD 83 million) focused on climate-smart agriculture in Colombia. The proposed project aims to reduce economic losses from extreme weather events and mitigate greenhouse gas emissions by scaling up technologies such as agro-climatic forecasting, site-specific agriculture, and low-carbon farming practices. It targets seven priority crops: rice, maize, banana, sugarcane, coffee, potato, and forage. The preparation phase, led by CAF and executed by CIAT, involves feasibility studies, impact assessments, and the development of a Monitoring, Reporting, and Verification (MRV) mechanism for carbon footprints.