Financial Products to Promote Climate Change Resilience in Bolivia

Size: px
Start display at page:

Download "Financial Products to Promote Climate Change Resilience in Bolivia"

Transcription

1 Financial Products to Promote Climate Change Resilience in Bolivia Country / Region: Bolivia Project Id: PPCRBO602A Fund Name: PPCR Comment Type Commenter Name Commenter Profile Comment Date Comment 1 Colette O Neil United Kingdom Dear Mafalda The UK has no objections. Regards Aug 09, Colette Response 1 Gloria Visconti IDB The IDB/MIF thanks the UK delegation. Comment 2 highly appreciates the goal of the project, which is to improve the access to credit for small agricultural producers in Bolivia in order to facilitate investment in adaptation measures for promoting the sustainable management of natural resources and for contributing to agricultural productivity. The project seeks to achieve this goal by providing the Investment and Development Revolving Fund (DIACONIA-FRIF) with loans to disseminate its "Resilient Agriculture Credit" in up to eight rural agencies in areas where no other financial institution is offering financial products for adaptation. Scaling-up an existing financial product for which strong demand is observed seems very reasonable. However, as the pilot has been conducted very recently (in ) and its major lesson learned so far is 'only ' that there is demand for such financial products while no evidence is given yet, that the pilot project will actually be successful in promoting sustainable management of natural resources and contributing to agricultural productivity, it would be helpful to get more insights and details on how the project's overarching goal will be achieved, including reaching 4,000 beneficiaries, and how lessons learned of the pilot will be applied to the project for moving forward. Response 1 Gloria Visconti IDB Thank you for your comment. Please see below MIF/IDB comments: As the results framework mentions, the overarching goal is to contribute to improving the climate change resilience of small-scale farmers and ranchers in Bolivia by making available to them, credit for investments in activities, practices and measures that have been shown to increase resilience in similar contexts. This will be achieved by actions that Diaconia will undertake to promote and disburse small loans to the farmers and ranchers (for the above-mentioned investments, also noted in footnote 9) together with basic technical assistance in applying these measures and technologies. Diaconia has been successful in designing these financial products with the support of the Frankfurt School, as well as the marketing materials needed to explain the benefits of these products to potential clients. Diaconia also has extensive experience in designing and placing many different innovative financial products, and has been successful in bringing them to scale. Given that the measures/practices/technologies to be financed with the small loans have shown to improve resilience in similar contexts, we expect that by reaching 4,000 clients in Diaconia s sphere of influence will have a similar effect. In the pilot program, Diaconia placed 335 green loans in just five months, with a brand-new product. Based on Diaconia s calculations, the roll out of these products in their 8 agencies will allow them (under the intermediate scenario) to place 624 loans per semester in year 1, increasing to 755/semester in year 3, which adds to 4,130 loans in only three years (see Annex 3 of the document for details on projections). These numbers were calculated using an estimate of loans disbursed in each of the 8 agencies in which the product will be promoted. With regard to the future application of the lessons learned from the pilot (as summarized in paragraph 2.5 of the project document), Diaconia: (i) will ensure that they accompany the green loan clients throughout the entire production cycle (from planting to harvest/sale) to observe the effects of the resiliency measures financed; (ii) will continue to

2 incorporate (as they have done to date) local and cultural customs and traditions into the use of the adaptation measures to be financed; and (iii) will apply the information gathered, stored and analyzed in its new agricultural credit risk evaluation tool, in order to continue to adjust and tweak the financial product and the adaptation measures based on the results of the analyses generated by the tool. Response 2 Gloria Visconti IDB Thank you for your comment. Please see below MIF/IDB comments: As the results framework mentions, the overarching goal is to contribute to improving the climate change resilience of small-scale farmers and ranchers in Bolivia by making available to them, credit for investments in activities, practices and measures that have been shown to increase resilience in similar contexts. This will be achieved by actions that Diaconia will undertake to promote and disburse small loans to the farmers and ranchers (for the above-mentioned investments, also noted in footnote 9) together with basic technical assistance in applying these measures and technologies. Diaconia has been successful in designing these financial products with the support of the Frankfurt School, as well as the marketing materials needed to explain the benefits of these products to potential clients. Diaconia also has extensive experience in designing and placing many different innovative financial products, and has been successful in bringing them to scale. Given that the measures/practices/technologies to be financed with the small loans have shown to improve resilience in similar contexts, we expect that by reaching 4,000 clients in Diaconia s sphere of influence will have a similar effect. In the pilot program, Diaconia placed 335 green loans in just five months, with a brand-new product. Based on Diaconia s calculations, the roll out of these products in their 8 agencies will allow them (under the intermediate scenario) to place 624 loans per semester in year 1, increasing to 755/semester in year 3, which adds to 4,130 loans in only three years (see Annex 3 of the document for details on projections). These numbers were calculated using an estimate of loans disbursed in each of the 8 agencies in which the product will be promoted. With regard to the future application of the lessons learned from the pilot (as summarized in paragraph 2.5 of the project document), Diaconia: (i) will ensure that they accompany the green loan clients throughout the entire production cycle (from planting to harvest/sale) to observe the effects of the resiliency measures financed; (ii) will continue to incorporate (as they have done to date) local and cultural customs and traditions into the use of the adaptation measures to be financed; and (iii) will apply the information gathered, stored and analyzed in its new agricultural credit risk evaluation tool, in order to continue to adjust and tweak the financial product and the adaptation measures based on the results of the analyses generated by the tool. Comment 3 As stated on p. 4, "DIACONIA-FRIF currently has a list of 18 possible adaptation measures that clients may implement with loan resources". On p.5 it is added that "the development [ ] of the adaptation measures must be based on local and cultural practices of the intervention area". Yet, it is not explained how eligible adaptation measures were selected and whether the suggested measures can be adopted by local farmers at reasonable costs and with adequate results. We would thus recommend summarizing the rationale and selection process of the 18 measures. Furthermore, it should be shortly assessed whether the expected productivity increase will generally suffice for farmers to repay the loans. It should also be specified whether the current list of eligible activities can be adapted to reflect, for example, project results or technological change. Response 1 Gloria Visconti IDB Please see below MIF/IDB comment: The eligible adaptation measures and practices were developed by a team of experts from the Frankfurt School who were hired by Diaconia with funds from the IDB/MIF s EcoMicro project mentioned in paragraph 2.3. These experts worked closely with local agronomists, sociologists and economists on the Diaconia team to identify these 18 measures and ensure that the local and cultural customs and practices were incorporated into their offering. Each of the measures was assessed on its potential implementation cost, acceptability by local farmers, expected results on productivity, quality, resilience, etc. The result of this investigation was the current list of the first 18 adaptation measures, and this list can obviously be adapted over time to reflect the results of the project, technological changes, uptake by clients, suggestions by clients, etc. It should be mentioned that while an increase in productivity is the preferred outcome, in the face of uncertain climate change effects, even the maintenance of current productivity levels can be considered a successful outcome. When Diaconia carries out the credit analysis of each client who requests a loan, this analysis includes a detailed assessment of cash inflows and outflows of the family unit, in order to determine capacity to repay the loan, and

3 their new agricultural risk analysis tool allows them to improve this process by incorporating climate risk into the equation. Diaconia s credit analysis methodology has proven to be quite accurate, as evidenced by their loan delinquency rate of below 1.5%, among the lowest in Bolivia. If the credit analysis shows that the projected inflows are insufficient to cover the loan payments and all other family costs, then Diaconia would not approve the loan. Response 2 Gloria Visconti IDB Please see below MIF/IDB comment: The eligible adaptation measures and practices were developed by a team of experts from the Frankfurt School who were hired by Diaconia with funds from the IDB/MIF s EcoMicro project mentioned in paragraph 2.3. These experts worked closely with local agronomists, sociologists and economists on the Diaconia team to identify these 18 measures and ensure that the local and cultural customs and practices were incorporated into their offering. Each of the measures was assessed on its potential implementation cost, acceptability by local farmers, expected results on productivity, quality, resilience, etc. The result of this investigation was the current list of the first 18 adaptation measures, and this list can obviously be adapted over time to reflect the results of the project, technological changes, uptake by clients, suggestions by clients, etc. It should be mentioned that while an increase in productivity is the preferred outcome, in the face of uncertain climate change effects, even the maintenance of current productivity levels can be considered a successful outcome. When Diaconia carries out the credit analysis of each client who requests a loan, this analysis includes a detailed assessment of cash inflows and outflows of the family unit, in order to determine capacity to repay the loan, and their new agricultural risk analysis tool allows them to improve this process by incorporating climate risk into the equation. Diaconia s credit analysis methodology has proven to be quite accurate, as evidenced by their loan delinquency rate of below 1.5%, among the lowest in Bolivia. If the credit analysis shows that the projected inflows are insufficient to cover the loan payments and all other family costs, then Diaconia would not approve the loan. Comment 4 As described on p. 9, "catastrophic natural disasters, as well as the growing effects of climate change (e.g. droughts and floods)" are some of the main risks that may affect the project success. These risks are supposed to be mitigated by the fact that "the project includes the necessary technical and productive measures that will help the agricultural producers become more resilient to the effects of climate change" (p. 10). Yet, extreme weather events and natural disasters are usually very hard to predict and the eligible adaptation measures are relatively new for the farmers. Moreover, financial literacy is often low among farmers in rural areas. We would highly appreciate an explanation of how credit risks related to adaptation products will be mitigated taking additional risk factors, like limited resources and capacities of local farmers into account. Response 1 Gloria Visconti IDB Please see below MIF/IDB response: The additional risks mentioned (limited resources and capacities of small farmers) are present in any lending product to the microfinance and rural finance sectors, obviously not only to adaptation products. These credit risks will be mitigated using a variety of mechanisms, including: (i) in-depth analysis of family unit cash flows to assess capacity to assume and repay additional debt; (ii) background check in local credit bureau for each client; (iii) requirement of loan guarantee based on the size and characteristics of the loan; (iv) assessment of the product to be financed and the market, price, seasonal and climate risks associated with the product; (v) design of repayment timeline and amounts to ensure that payments are established when the borrower has liquidity, that established payments are within cashflow profile, etc.; (vi) close monitoring of loan repayments by Diaconia loan officers to determine potential problems and ensure prompt repayment; (vii) a lower interest rate offered to clients implementing the adaptation measures, which reduces financial pressure on the borrower; Response 2 Gloria Visconti IDB Please see below MIF/IDB response: The additional risks mentioned (limited resources and capacities of small farmers) are present in any lending product to the microfinance and rural finance sectors, obviously not only to adaptation products. These credit risks will be mitigated using a variety of mechanisms, including: (i) in-depth analysis of family unit cash flows to assess capacity to assume and repay additional debt; (ii) background check in local credit bureau for each client; (iii) requirement of loan guarantee based on the size and characteristics of the loan; (iv) assessment of the product to be financed and the market, price, seasonal and climate risks associated with the product; (v) design of repayment timeline and amounts to ensure that payments are established when the borrower has liquidity, that established payments are within cashflow profile,

4 etc.; (vi) close monitoring of loan repayments by Diaconia loan officers to determine potential problems and ensure prompt repayment; (vii) a lower interest rate offered to clients implementing the adaptation measures, which reduces financial pressure on the borrower; Comment 5 As described on p. 2, "training, information and financial resources will be required to support small farmers seeking to adapt their productive processes and lead them to invest in adaptation measures". We would suggest describing how can it be ensured that farmers actually participate in technical training programs, particularly considering issues such as time restrictions, illiteracy and potentially long travelling distance for farmers. Moreover, it should be specified how it can be made sure that women are equally trained in the correctly applying the eligible adaptation measures, given that they might not be as involved in technical or innovative solutions as men. Finally, we would highly appreciate an explanation of how will it be made sure that technical assistance is available for a time period that is sufficiently long, until new technologies have been fully adopted by farmers. Response 1 Gloria Visconti IDB While it is impossible to ensure that farmers participate in training, Diaconia will carry out certain actions to increase the probability that they will. These include: (i) establishing alliances with local technical assistance providers (as described in the project) to provide technical assistance and information to the farmers where they live; (ii) offering interest rate reductions to farmers that implement one of the 18 adaptation measures, and requiring these farmers to receive technical information and assistance on the implementation measure to be implemented; (iii) preparing technical information in a highly graphic format (few words, lots of drawings) and in the local language and cultural context, and also in radio programs that reach the farmers where they live. In addition, Diaconia s clientele for these green products are the ones that value most the technical assistance, with no need to convince them about its importance. There are only few things that must be agreed with them, such as the most convenient venue and schedule to conduct the TA and training. As paragraph 1.12 states, the women in the project area tend to focus on improved and innovative practices such as the search for alternative water sources, sowing new varieties, and supplementing their incomes. As such, they will likely be keen to receive the training that is offered. Diaconia will work with the technical assistance providers to ensure that they proactively seek to include women in the technical assistance activities and materials provided, and offer them at times in which women are most likely to be able to attend. Diaconia is committed to, and has the incentives to ensure that the new technologies are fully adopted by the farmers, as this is what will help them to expand their outreach to a larger number of farmer clients and ensure the successful application of the technologies that will provide incomes to the farmers and a source of loan repayment. For this reason, Diaconia will continue to build on and expand its existing network of local technical assistance providers in their intervention areas, and will continue to prepare the technical informational material that its clients require to fully adopt the technologies. These activities are included in their annual operating plan and their medium-term strategic plan. Response 2 Gloria Visconti IDB While it is impossible to ensure that farmers participate in training, Diaconia will carry out certain actions to increase the probability that they will. These include: (i) establishing alliances with local technical assistance providers (as described in the project) to provide technical assistance and information to the farmers where they live; (ii) offering interest rate reductions to farmers that implement one of the 18 adaptation measures, and requiring these farmers to receive technical information and assistance on the implementation measure to be implemented; (iii) preparing technical information in a highly graphic format (few words, lots of drawings) and in the local language and cultural context, and also in radio programs that reach the farmers where they live. In addition, Diaconia s clientele for these green products are the ones that value most the technical assistance, with no need to convince them about its importance. There are only few things that must be agreed with them, such as the most convenient venue and schedule to conduct the TA and training. As paragraph 1.12 states, the women in the project area tend to focus on improved and innovative practices such as the search for alternative water sources, sowing new varieties, and supplementing their incomes. As such, they will likely be keen to receive the training that is offered. Diaconia will work with the technical assistance providers to ensure that they proactively seek to include women in the technical assistance activities and materials provided, and offer them at times in which women are most likely to be able to attend.

5 Diaconia is committed to, and has the incentives to ensure that the new technologies are fully adopted by the farmers, as this is what will help them to expand their outreach to a larger number of farmer clients and ensure the successful application of the technologies that will provide incomes to the farmers and a source of loan repayment. For this reason, Diaconia will continue to build on and expand its existing network of local technical assistance providers in their intervention areas, and will continue to prepare the technical informational material that its clients require to fully adopt the technologies. These activities are included in their annual operating plan and their medium-term strategic plan. Comment 6 The indicators proposed to measure the project's success seem reasonable, yet remain relatively limited. We recommend adding indicators to measure the project's overall contribution to climate resilience and sustainable management of natural resources, such as 'Percentage of farmers with access to financial services' or 'Percentage of agricultural land with improved irrigation'. A list of potential useful indicators has been published by BMZ/GIZ (Repository of Adaptation Indicators). Response 1 Gloria Visconti IDB We have included an indicator that will measure the NUMBER of farmers with access to financial services, but measuring PERCENTAGE is complex and beyond the capacity of Diaconia in this project, because it requires that Diaconia have access to the total number of farmers by area, information on which farmers have access to financial products offered by other institutions, etc. Likewise, with the suggested indicator on percentage of agricultural land with improved irrigation. These proposed indicators are more applicable to a public-sector lending product. Diaconia is a private sector, financial institution, dedicated to providing financial services to its clients, and measuring macro results on a sectoral basis does not fall within its mandate or capacities. Response 2 Gloria Visconti IDB We have included an indicator that will measure the NUMBER of farmers with access to financial services, but measuring PERCENTAGE is complex and beyond the capacity of Diaconia in this project, because it requires that Diaconia have access to the total number of farmers by area, information on which farmers have access to financial products offered by other institutions, etc. Likewise, with the suggested indicator on percentage of agricultural land with improved irrigation. These proposed indicators are more applicable to a public-sector lending product. Diaconia is a private sector, financial institution, dedicated to providing financial services to its clients, and measuring macro results on a sectoral basis does not fall within its mandate or capacities. Comment 7 Sustainable agricultural development is one of the priority areas of German development cooperation with Bolivia. is currently supporting the implementation of one project in Bolivia which focuses on sustainable and resilient agriculture (Sustainable agricultural development in Bolivia, PROAGRO III (2014- )). We recommend actively engaging with this project and exchanging the emerging lessons and good practices from the respective approaches. It might also be helpful to assess synergies with other relevant projects supported by in the region (Conservation of biodiversity, forests, and mitigation and adaptation to climate change (Ecuador, 2013-), Integrated financial management of climate risks in the agricultural sector (Peru, )). Response 1 Gloria Visconti IDB Thank you for the information and recommendation. IDB/MIF will recommend to Diaconia that they investigate possibilities to engage with the PROAGRO III project (although it appears that it will end this year) and exchanging lessons and good practices. IDB and MIF personnel can look into possible synergies with the projects mentioned in other countries (Ecuador and Peru). Response 2 Gloria Visconti IDB Thank you for the information and recommendation. IDB/MIF will recommend to Diaconia that they investigate possibilities to engage with the PROAGRO III project (although it appears that it will end this year) and exchanging lessons and good practices. IDB and MIF personnel can look into possible synergies with the projects mentioned in other countries (Ecuador and Peru). Comment 8 The project's total cost is US$7,000,000, of which US$4,000,000 (57%) shall be provided by PPCR, US$1,500,000 (21.5%) by MIF, and US$1,500,000 (21.5%) by private sources. The rationale for this financing plan is not entirely clear. It is not clear, for instance, why PPCR resources should be used, why PPCRF is in a senior role and how the private funds will be sourced. We would appreciate a more detailed explanation of the financing plan, including on the integration of this

6 project's financing into other programmes of the borrower, as the borrower, DIACONIA FRIF, acts as a revolving fund. Response 1 Gloria Visconti IDB This financing plan is based on a combination of resources required by Diaconia to expand its green product offering (US$7 million), and the resources available from different sources. MIF was only able to offer US$1.5 million at this time and Diaconia was able to channel US$1.5 million of its expected financing for this product, both as counterpart to the funding requested from PPCR. The difference was requested from PPCR (US$4 million), and under conditions (interest rate, term, grace period) that would allow the blended financing to be offered at conditions that are attractive to the potential agricultural clients. PPCR resources should be used because: (i) the amount available (US$4 M) will allow Diaconia to bring the product to scale; (ii) it can be provided in local currency, which helps reduce risks and costs to Diaconia (and thus to local credit clients), and provide additional incentives for them to expand their green financing program; (iii) it will be the first private sector lending by PPCR in Bolivia to date; (iv) these funds help the IDB/MIF, the government of Bolivia, the PPCR and most importantly Diaconia to fulfill their respective missions and mandates to expand green funding for climate resiliency. PPCR is proposed to be in a senior role to reflect its leadership in this type of financing and, as mentioned above, to make the blended costs and conditions more attractive to Diaconia and the end borrowers. This financing plan forms part of the overall strategy of Diaconia, as a development microfinance institution, to provide a mix of financial products that meet the needs of its clients, and contribute to improving their livelihoods and the overall development of Bolivia. Diaconia offers loan products for housing, micro and small enterprise, consumer credit, household natural gas installation, community bank groups, productive credit and agricultural credit. With this new financing, they will be able to bring to scale their new product for climate change resiliency. Similarly, the TERMS of the PPCR funding to Diaconia are key to project success. The request that the PPCR funding be in local currency at an annual interest rate of 3.5% is based on the same financial conditions of the original financing that Diaconia secured for the pilot program, which establishes a benchmark for what they are willing to pay for the larger part of this financing pie. These conditions allow Diaconia to blend these more concessional resources with other private resources and be able to offer an attractive product to the market while being able to more easily manage the risks and costs associated with pioneering a new green product in Bolivia. The private part of the funding allows them to include in the mix a more market-based funding, which they can use to show to potential private sector funders that may be interested in scaling the product once it has been successful in this first expansion phase. Response 2 Gloria Visconti IDB This financing plan is based on a combination of resources required by Diaconia to expand its green product offering (US$7 million), and the resources available from different sources. MIF was only able to offer US$1.5 million at this time and Diaconia was able to channel US$1.5 million of its expected financing for this product, both as counterpart to the funding requested from PPCR. The difference was requested from PPCR (US$4 million), and under conditions (interest rate, term, grace period) that would allow the blended financing to be offered at conditions that are attractive to the potential agricultural clients. PPCR resources should be used because: (i) the amount available (US$4 M) will allow Diaconia to bring the product to scale; (ii) it can be provided in local currency, which helps reduce risks and costs to Diaconia (and thus to local credit clients), and provide additional incentives for them to expand their green financing program; (iii) it will be the first private sector lending by PPCR in Bolivia to date; (iv) these funds help the IDB/MIF, the government of Bolivia, the PPCR and most importantly Diaconia to fulfill their respective missions and mandates to expand green funding for climate resiliency. PPCR is proposed to be in a senior role to reflect its leadership in this type of financing and, as mentioned above, to make the blended costs and conditions more attractive to Diaconia and the end borrowers. This financing plan forms part of the overall strategy of Diaconia, as a development microfinance institution, to provide a mix of financial products that meet the needs of its clients, and contribute to improving their livelihoods and the overall development of Bolivia. Diaconia offers loan products for housing, micro and small enterprise, consumer credit, household natural gas installation, community bank groups, productive credit and agricultural credit. With this new financing, they will be able to bring to scale their new product for climate change resiliency. Similarly, the TERMS of the PPCR funding to Diaconia are key to project success. The request that the PPCR funding be in local currency at an annual interest rate of 3.5% is based on the same financial conditions of the original financing that Diaconia secured for the pilot program, which establishes a benchmark for what

7 they are willing to pay for the larger part of this financing pie. These conditions allow Diaconia to blend these more concessional resources with other private resources and be able to offer an attractive product to the market while being able to more easily manage the risks and costs associated with pioneering a new green product in Bolivia. The private part of the funding allows them to include in the mix a more market-based funding, which they can use to show to potential private sector funders that may be interested in scaling the product once it has been successful in this first expansion phase.

Climate Insurance Fund (CIF) Luxembourg, June 2017

Climate Insurance Fund (CIF) Luxembourg, June 2017 Climate Insurance Fund (CIF) Luxembourg, June 2017 KfW Development Bank s Role in Insurance Our Mandate As the German development bank, our objectives is help our partners to fight poverty, maintain peace,

More information

Agenda item 12: Consideration of accreditation proposals

Agenda item 12: Consideration of accreditation proposals Page 5 (h) (j) (k) (l) (m) (n) Also requests the Appointment Committee to provide additional recommendations on the salary levels for consideration by the Board at its eleventh meeting; Decides that the

More information

Finance Self Study Guide for Staff of Micro Finance Institutions CASH FLOW MANAGEMENT

Finance Self Study Guide for Staff of Micro Finance Institutions CASH FLOW MANAGEMENT Finance Self Study Guide for Staff of Micro Finance Institutions LESSON 6 CASH FLOW MANAGEMENT Objectives: Central to financial management of a micro-finance organization is effective management of its

More information

Rural Development Programmes. Financial Instruments: making funding go further

Rural Development Programmes. Financial Instruments: making funding go further Financial Instruments: making funding go further EU rural development funding provides significant benefits for EU citizens and even more benefits are possible by using Financial Instruments (FIs) to recycle

More information

Policy Implementation for Enhancing Community. Resilience in Malawi

Policy Implementation for Enhancing Community. Resilience in Malawi Volume 10 Issue 1 May 2014 Status of Policy Implementation for Enhancing Community Resilience in Malawi Policy Brief ECRP and DISCOVER Disclaimer This policy brief has been financed by United Kingdom (UK)

More information

Private Sector Facility: Working with Local Private Entities, Including Small and Medium-Sized Enterprises

Private Sector Facility: Working with Local Private Entities, Including Small and Medium-Sized Enterprises Private Sector Facility: Working with Local Private Entities, Including Small and Medium-Sized Enterprises GCF/B.09/12 5 March 2015 Meeting of the Board 24-26 March 2015 Songdo, Republic of Korea Agenda

More information

Assistance 3 Total Arab Export (1)

Assistance 3 Total Arab Export (1) The Seventh Five-Year Plan (2015 2019) BADEA s Five-Year Plans: The Board of Governors has approved in its 39th session, convened in Tunis from 8 to 9 April 2014, the 7th five-year Plan (2015 2019), which

More information

Indicative Minimum Benchmarks

Indicative Minimum Benchmarks Meeting of the Board 27 February 1 March 2018 Songdo, Incheon, Republic of Korea Provisional agenda item 15(g) GCF/B.19/04/Rev.01 25 February 2018 Indicative Minimum Benchmarks Summary This document outlines

More information

Terms of reference for the annual review of the financial terms and conditions of the Green Climate Fund financial instruments

Terms of reference for the annual review of the financial terms and conditions of the Green Climate Fund financial instruments Meeting of the Board 13 15 December 2016 Apia, Samoa Provisional agenda item 15 GCF/B.15/09 8 December 2016 Terms of reference for the annual review of the financial terms and conditions of the Green Climate

More information

Terms of Reference. Impact Assessment Study of

Terms of Reference. Impact Assessment Study of Terms of Reference For Impact Assessment Study of Partnership in Climate Services for Resilient Agriculture in India (PCSRA) ToR No: ABC122019XYZ Dated: 31-1-2019 Partnership in Climate Services for Resilient

More information

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public DRAFT TEXT on SBSTA 49 agenda item 12 Modalities for the accounting of financial resources provided and mobilized through public interventions in accordance with Article 9, paragraph 7, of the Paris Agreement

More information

Linking Country Level Monitoring and Evaluation to FCPF Progress Reporting

Linking Country Level Monitoring and Evaluation to FCPF Progress Reporting 1 Forest Carbon Partnership Facility Linking Country Level Monitoring and Evaluation to FCPF Progress Reporting September 26, 2013 Aim of this presentation Explain how the various monitoring and evaluation

More information

Response of IDB to United States on the Approval by Mail: Mexico: Financing Low Carbon Strategies in Forest Landscapes (IDB)

Response of IDB to United States on the Approval by Mail: Mexico: Financing Low Carbon Strategies in Forest Landscapes (IDB) August 30, 2012 Response of IDB to United States on the Approval by Mail: Mexico: Financing Low Carbon Strategies in Forest Landscapes (IDB) Dear Andrea, On behalf of the Project s team, I am happy to

More information

M2i s Experience in Microfinance

M2i s Experience in Microfinance M2i s Experience in Microfinance Title Duration Client Page Implementation of Risk Management International Finance June 2012-May 2015 Framework in 5 MFIs Corporation 3 Adaptation of Global Risk International

More information

Ex Ante Financing for Disaster Risk Management and Adaptation

Ex Ante Financing for Disaster Risk Management and Adaptation Ex Ante Financing for Disaster Risk Management and Adaptation A Public Policy Perspective Dr. Jerry Skees H.B. Price Professor, University of Kentucky, and President, GlobalAgRisk, Inc. Piura, Peru November

More information

Oikocredit International Support Foundation Plans, Objectives and Activities for the period 2014 to 2018

Oikocredit International Support Foundation Plans, Objectives and Activities for the period 2014 to 2018 Oikocredit International Support Foundation Plans, Objectives and Activities for the period 2014 to 2018 1. Introduction and purpose of Oikocredit and the Foundation Oikocredit Oikocredit (the Society)

More information

The Bonn-Marrakech Agreements on Funding

The Bonn-Marrakech Agreements on Funding Climate Policy 2(2002) 243-246 The Bonn-Marrakech Agreements on Funding Saleemul Huq The third assessment report of the Intergovernmental Panel on Climate Change (IPCC) has highlighted the enhanced vulnerability

More information

CTF-SCF/TFC.11/6 October 16, Joint Meeting of the CTF and SCF Trust Fund Committees Washington D.C. October 29, 2013.

CTF-SCF/TFC.11/6 October 16, Joint Meeting of the CTF and SCF Trust Fund Committees Washington D.C. October 29, 2013. Joint Meeting of the CTF and SCF Trust Fund Committees Washington D.C. October 29, 2013 CTF-SCF/TFC.11/6 October 16, 2013 Agenda Item 7 UPDATE OF THE CIF ERM FRAMEWORK: DEVELOPMENT OF A PORTFOLIO RISK

More information

Risk management framework component IV Risk guidelines for funding proposals

Risk management framework component IV Risk guidelines for funding proposals Risk management framework component IV Risk guidelines for funding proposals This document is as adopted by the Board in decision B.17/11. It was sent to the Board for consideration at B.17 in document

More information

Investment criteria indicators

Investment criteria indicators Meeting of the Board 1 4 July 2018 Songdo, Incheon, Republic of Korea Provisional agenda item 14 GCF/B.20/Inf.14 8 June 2018 Investment criteria indicators Summary This document outlines the proposal by

More information

FUNDING STRATEGY FOR THE IMPLEMENTATION OF THE GLOBAL PLAN OF ACTION FOR ANIMAL GENETIC RESOURCES

FUNDING STRATEGY FOR THE IMPLEMENTATION OF THE GLOBAL PLAN OF ACTION FOR ANIMAL GENETIC RESOURCES Revised edition: http://www.fao.org/3/a-i3975e.pdf FUNDING STRATEGY FOR THE IMPLEMENTATION OF THE GLOBAL PLAN OF ACTION FOR ANIMAL GENETIC RESOURCES COMMISSION ON GENETIC RESOURCES FOR FOOD AND AGRICULTURE

More information

Rural and Agricultural Finance: Emerging Practices from Peruvian Financial Institutions. A. Introduction

Rural and Agricultural Finance: Emerging Practices from Peruvian Financial Institutions. A. Introduction micronote #27 Rural and Agricultural Finance: Emerging Practices from Peruvian Financial Institutions A. Introduction The formal financial system 1 in Peru provides very limited rural and agricultural

More information

AMFI SECTOR REPORT DECEMBER 2017

AMFI SECTOR REPORT DECEMBER 2017 AMFI SECTOR REPORT DECEMBER 2017 1.1.0: INTRODUCTION 1.1.1: BACKGROUND INFORMATION The Association for Microfinance Institutions (AMFI) is a member-based organization that was established and registered

More information

There are multiple avenues of credit available to agricultural producers. Let s begin by identifying who can provide financing for your agricultural

There are multiple avenues of credit available to agricultural producers. Let s begin by identifying who can provide financing for your agricultural 1 There are multiple avenues of credit available to agricultural producers. Let s begin by identifying who can provide financing for your agricultural venture. Local commercial banks and credit unions

More information

Disaster Management The

Disaster Management The Disaster Management The UKRAINIAN Agricultural AGRICULTURAL Dimension WEATHER Global Facility for RISK Disaster MANAGEMENT Recovery and Reduction Seminar Series February 20, 2007 WORLD BANK COMMODITY RISK

More information

Benin 27 August 2015

Benin 27 August 2015 Benin 27 August 2015 PAGE 1 OF 6 (Please submit completed form to countries@gcfund.org) Executive Summary(in one page) Country (or region) Benin Submission Date 27/08/2015 NDA or Focal Point Directorate

More information

Module 3. Farming the Business

Module 3. Farming the Business 152 Module 3 How do I take my business to the next level? Module 3 Farming the Business 153 Module 3 Module 3 How do I take my business to the next level? The aim of Module 3 is to introduce some of the

More information

DISASTER RISK FINANCING ADB Operational Innovations in South Asia

DISASTER RISK FINANCING ADB Operational Innovations in South Asia DISASTER RISK FINANCING ADB Operational Innovations in South Asia Erik Kjaergaard, Disaster Risk Management Specialist South Asia Department with input from Mayumi Ozaki, Senior Portfolio Management Specialist

More information

Democratic Socialist Republic of Sri Lanka. Smallholder Agribusiness Partnerships (SAP) Programme. Negotiated financing agreement

Democratic Socialist Republic of Sri Lanka. Smallholder Agribusiness Partnerships (SAP) Programme. Negotiated financing agreement Document: EB 2017/120/R.13/Sup.1 Agenda: 9(b)(iii) Date: 8 April 2017 Distribution: Public Original: English E Democratic Socialist Republic of Sri Lanka Smallholder Agribusiness Partnerships (SAP) Programme

More information

The Conference of Parties. Recalling Article 4, paragraphs 3, 4 and 5 of the Convention,

The Conference of Parties. Recalling Article 4, paragraphs 3, 4 and 5 of the Convention, Submission by the Philippines, Malaysia, Thailand, Saudi Arabia, India, China, Sri Lanka, Egypt, Sudan, Iraq, Iran, El Salvador, Nicaragua, Democratic Republic of Congo, Ecuador, the Maldives, and Venezuela.

More information

ARIES. FINCA Program Brief No. 4 AFGHANISTAN. Agriculture, Rural Investment and Enterprise Strengthening Program in Afghanistan

ARIES. FINCA Program Brief No. 4 AFGHANISTAN. Agriculture, Rural Investment and Enterprise Strengthening Program in Afghanistan ARIES Agriculture, Rural Investment and Enterprise Strengthening Program in Afghanistan FINCA Program Brief No. 4 AFGHANISTAN The Financial Integration, Economic Leveraging, Broad-Based Dissemination Leader

More information

Draft Terms of Reference. Mozambique Climate Change Technical Assistance Project

Draft Terms of Reference. Mozambique Climate Change Technical Assistance Project Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 1. Background Context Draft Terms of Reference Mozambique Climate Change Technical Assistance

More information

Al-Amal Microfinance Bank

Al-Amal Microfinance Bank Impact Brief Series, Issue 1 Al-Amal Microfinance Bank Yemen The Taqeem ( evaluation in Arabic) Initiative is a technical cooperation programme of the International Labour Organization and regional partners

More information

WFP Climate Change Policy One Year On an Update on Programmes, Knowledge and Partnerships

WFP Climate Change Policy One Year On an Update on Programmes, Knowledge and Partnerships WFP Climate Change Policy One Year On an Update on Programmes, Knowledge and Partnerships 14:00-14:10: Welcome (Valerie Guarnieri, Assistant Executive Director) 14:10-14:30: Climate mainstreaming in WFP

More information

SMART MONEY MANAGEMENT

SMART MONEY MANAGEMENT How much money did you earn last month? When was the last time you borrowed money? Have you opened a savings account? Why do you have to pay interest on a loan? With many tips and useful tools SMART MONEY

More information

with UNDP for the Union of the Comoros 25 June 2015 NDA Strengthening & Country Programming

with UNDP for the Union of the Comoros 25 June 2015 NDA Strengthening & Country Programming with UNDP for the Union of the Comoros 25 June 2015 NDA Strengthening & Country Programming PAGE 1 OF 12 Country (or region) Executive Summary (in one page) Union of the Comoros Submission Date 29/05/2015

More information

CTF-SCF/TFC.4/Inf.2 March 13, Joint Meeting of the CTF and SCF Trust Fund Committees Manila, Philippines March 16, 2010

CTF-SCF/TFC.4/Inf.2 March 13, Joint Meeting of the CTF and SCF Trust Fund Committees Manila, Philippines March 16, 2010 CTF-SCF/TFC.4/Inf.2 March 13, 2010 Joint Meeting of the CTF and SCF Trust Fund Committees Manila, Philippines March 16, 2010 BENCHMARKING CIF'S ADMINISTRATIVE COSTS 2 Background 1. The Joint Trust Fund

More information

Agricultural Insurance Markets Development Programme. Colombia IDB

Agricultural Insurance Markets Development Programme. Colombia IDB Agricultural Insurance Markets Development Programme Colombia IDB 8 July 2015 Agricultural Insurance Markets Development Project/Programme Title: Programme Country/Region: Colombia/South America Accredited

More information

Climate Funds AfDB Mobilizing Concessional Finance for NDC Implementation

Climate Funds AfDB Mobilizing Concessional Finance for NDC Implementation Climate Funds AfDB Mobilizing Concessional Finance for NDC Implementation Davinah Milenge Uwella Senior Climate Change Officer Climate Change and Green Growth Department Presentation Outline Preamble Climate

More information

INSURANCE For development, resilience and recovery

INSURANCE For development, resilience and recovery INSURANCE For development, resilience and recovery Stewart McCulloch VisionFund November 2016 our value proposition for children and families Progress out of Poverty Index + World Vision: Focus on graduation

More information

Policies for Contributions to the Green Climate Fund: Recommendations by Interested Contributors

Policies for Contributions to the Green Climate Fund: Recommendations by Interested Contributors Policies for Contributions to the Green Climate Fund: Recommendations by Interested Contributors GCF/B.08/16 * 1 October 2014 Meeting of the Board 14-17 October 2014 Bridgetown, Barbados Agenda item 14

More information

SECTOR ASSESSMENT (SUMMARY): FINANCE (DISASTER RISK MANAGEMENT) 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): FINANCE (DISASTER RISK MANAGEMENT) 1. Sector Performance, Problems, and Opportunities National Disaster Risk Management Fund (RRP PAK 50316) SECTOR ASSESSMENT (SUMMARY): FINANCE (DISASTER RISK MANAGEMENT) A. Sector Road Map 1. Sector Performance, Problems, and Opportunities a. Performance

More information

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public

DRAFT TEXT. SBSTA 49 agenda item 12. Modalities for the accounting of financial resources provided and mobilized through public DRAFT TEXT on SBSTA 49 agenda item 12 Modalities for the accounting of financial resources provided and mobilized through public interventions in accordance with Article 9, paragraph 7, of the Paris Agreement

More information

CONFERENCE ROOM PAPER SUBMISSION BY THE G77 and China

CONFERENCE ROOM PAPER SUBMISSION BY THE G77 and China CONFERENCE ROOM PAPER SUBMISSION BY THE G77 and China The submission by G77 and China provides its views on the agenda item in accordance with decision 1/CP.21 paragraph 57 and on paragraph 7 of Article

More information

Understanding Rural Finance Issues and the Macro and Micro Operating Environment. Module 2 Rural Finance & Microfinance Actors and approaches

Understanding Rural Finance Issues and the Macro and Micro Operating Environment. Module 2 Rural Finance & Microfinance Actors and approaches Understanding Rural Finance Issues and the Macro and Micro Operating Environment Module 2 Rural Finance & Microfinance Actors and approaches Rural and Agricultural Finance Module 2 Agenda Block 1 Introductions

More information

International Agricultural and Natural Catastrophe Insurance Forum. Experience by GIZ Matthias Range

International Agricultural and Natural Catastrophe Insurance Forum. Experience by GIZ Matthias Range International Agricultural and Natural Catastrophe Insurance Forum Experience by GIZ Rüschlikon, Switzerland, October 2016 Seite 1 Agenda GIZ GIZ and Financial Systems Development GIZ and Agricultural

More information

6 th FIVE YEAR PLAN ( ) HIGHLIGHTS

6 th FIVE YEAR PLAN ( ) HIGHLIGHTS Arab Bank for Economic Development in Africa (BADEA) 6 th FIVE YEAR PLAN (2010 2014) HIGHLIGHTS 1. INTRODUCTION The Arab Bank for Economic Development in Africa (BADEA) has continued since its establishment

More information

Submission by State of Palestine. Thursday, January 11, To: UNFCCC / WIMLD_CCI

Submission by State of Palestine. Thursday, January 11, To: UNFCCC / WIMLD_CCI Submission by State of Palestine Thursday, January 11, 2018 To: UNFCCC / WIMLD_CCI Type and Nature of Actions to address Loss & Damage for which finance is required Dead line for submission 15 February

More information

Weathering Climate Change through Climate Risk Transfer Solutions

Weathering Climate Change through Climate Risk Transfer Solutions The G20's role on climate risk insurance & pooling: Weathering Climate Change through Climate Risk Transfer Solutions With this document, the Munich Climate Insurance Initiative (MCII) provides suggestions

More information

Members of Group of Champions: Australia, Bangladesh, European Union, Germany, Jamaica, Russian Federation, Timor-Leste Coordinator: Germany

Members of Group of Champions: Australia, Bangladesh, European Union, Germany, Jamaica, Russian Federation, Timor-Leste Coordinator: Germany CONCEPT PAPER Clearing house on Insurance and Risk Transfer Members of Group of Champions: Australia, Bangladesh, European Union, Germany, Jamaica, Russian Federation, Timor-Leste Coordinator: Germany

More information

Peter Graves Senior Vice President, Technical Services World Council of Credit Unions

Peter Graves Senior Vice President, Technical Services World Council of Credit Unions Expanding Access to Finance to the Bottom Billion Critical Factors Presentation to UN Preparatory Process/3 rd International Conference on Financing for Development 14 November 2014 Peter Graves Senior

More information

Resilient Rural Belize Programme

Resilient Rural Belize Programme Document: EB 2018/LOT/P.7/Add.1 Date: 28 March 2018 Distribution: Public Original: English E Belize Resilient Rural Belize Programme Addendum For: Approval Resilient Rural Belize Programme Addendum The

More information

PRIVATE SECTOR FINANCE FOR ADAPTATION

PRIVATE SECTOR FINANCE FOR ADAPTATION CHAPTER 4 PRIVATE SECTOR FINANCE FOR ADAPTATION LEAD AUTHORS AARON ATTERIDGE (STOCKHOLM ENVIRONMENT INSTITUTE), PIETER PAUW (GERMAN DEVELOPMENT INSTITUTE), PIETER TERPSTRA (NETHERLANDS MINISTRY OF FOREIGN

More information

DEVELOPMENTS OF MICROFINANCE IN WEST AFRICA AND TRENDS FOR THE DECADE. I Brief introduction to the microfinance sector in West Africa

DEVELOPMENTS OF MICROFINANCE IN WEST AFRICA AND TRENDS FOR THE DECADE. I Brief introduction to the microfinance sector in West Africa 1 DEVELOPMENTS OF MICROFINANCE IN WEST AFRICA AND TRENDS FOR THE DECADE I Brief introduction to the microfinance sector in West Africa When speaking of West Africa, we are referring here to the 7 countries

More information

GOVERNANCE FRAMEWORK FOR

GOVERNANCE FRAMEWORK FOR December, 2011 GOVERNANCE FRAMEWORK FOR THE STRATEGIC CLIMATE FUND Adopted November 2008 and amended December 2011 Table of Contents A. Introduction B. Purpose and Objectives C. SCF Programs D. Governance

More information

MULTI-COUNTRY. Support to Western Balkans Infrastructure Investment Projects for 2014 INSTRUMENT FOR PRE-ACCESSION ASSISTANCE (IPA II)

MULTI-COUNTRY. Support to Western Balkans Infrastructure Investment Projects for 2014 INSTRUMENT FOR PRE-ACCESSION ASSISTANCE (IPA II) INSTRUMENT FOR PRE-ACCESSION ASSISTANCE (IPA II) 2014-2020 MULTI-COUNTRY Support to Western Balkans Infrastructure Investment Projects for 2014 Action Summary This Action will allow financing Technical

More information

Ghana : Financial services for women entrepreneurs in the informal sector

Ghana : Financial services for women entrepreneurs in the informal sector Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized No. 136 June 1999 Findings occasionally reports on development initiatives not assisted

More information

Technical Cooperation s Contribution to Transition in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending 1

Technical Cooperation s Contribution to Transition in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending 1 WORKING DRAFT Technical Cooperation s Contribution to Transition in Early Transition Countries: Evidence from Micro, Small and Medium Enterprises Lending 1 Office of Chief Economist, the European Bank

More information

Banking Madagascar s Small Farmers: ABM s Cash Flow-Based Agricultural Credit Analysis Methodology

Banking Madagascar s Small Farmers: ABM s Cash Flow-Based Agricultural Credit Analysis Methodology Banking Madagascar s Small Farmers: ABM s Cash Flow-Based Agricultural Credit Analysis Methodology Paper written by: Friederike Moellers (Head of Credit at AccèsBanque Madagascar) A technology developed

More information

Summary of Project/Program. Summary - Project/Program Approval Request. Private: Public: X Mixed: Grant: USD31 Million 1. Loan: USD5 Million Project:

Summary of Project/Program. Summary - Project/Program Approval Request. Private: Public: X Mixed: Grant: USD31 Million 1. Loan: USD5 Million Project: Summary of Project/Program PILOT PROGRAM FOR CLIMATE RESILIENCE Summary - Project/Program Approval Request 1. Country/Region: Zambia 2. CIF Project ID#: XPCRZM041A 3. Project/Program Title: Zambia Strengthening

More information

Executive Summary (in one page)

Executive Summary (in one page) Kenya 2015.10.28 PAGE 1 OF 6 (Please submit completed form to countries@gcfund.org) Executive Summary (in one page) Country (or region) Kenya Submission Date 28/10/2015 NDA or Focal Point Contact Point

More information

REPORT 2015/174 INTERNAL AUDIT DIVISION

REPORT 2015/174 INTERNAL AUDIT DIVISION INTERNAL AUDIT DIVISION REPORT 2015/174 Audit of management of selected subprogrammes and related capacity development projects in the United Nations Economic and Social Commission for Asia and the Pacific

More information

Marche Region. Ex Ante Evaluation report. Executive summary. Roma, June 2015

Marche Region. Ex Ante Evaluation report. Executive summary. Roma, June 2015 Marche Region 2014-2020 COMMITTENTE RDP for Marche Ex Ante Evaluation report Roma, June 2015 Executive summary EXECUTIVE SUMMARY Introduction The Ex Ante Evaluation (EAE) of the Rural Development Programme

More information

PRACTICAL APPROACHES TO FINANCING AND EXECUTING CLIMATE CHANGE ADAPTATION

PRACTICAL APPROACHES TO FINANCING AND EXECUTING CLIMATE CHANGE ADAPTATION PRACTICAL APPROACHES TO FINANCING AND EXECUTING CLIMATE CHANGE ADAPTATION HUMAYUN TAI MCKINSEY & COMPANY Executive Summary There is increasing consensus that climate change may slow worldwide economic

More information

Building an evidence base on the role of insurance-based mechanisms in promoting climate resilience

Building an evidence base on the role of insurance-based mechanisms in promoting climate resilience Building an evidence base on the role of insurance-based mechanisms in promoting climate resilience Report prepared for PPCR side event 10th November 2015 2 This work is a product of the Climate Investment

More information

REPUBLIC OF BULGARIA

REPUBLIC OF BULGARIA REPUBLIC OF BULGARIA DISASTER RISK REDUCTION STRATEGY INTRUDUCTION Republic of Bulgaria often has been affected by natural or man-made disasters, whose social and economic consequences cause significant

More information

TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products

TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products TRAINING CATALOGUE ON IMPACT INSURANCE Building practitioner skills in providing valuable and viable insurance products 2017 Contents of the training catalogue The ILO s Impact Insurance Facility... 3

More information

Project Name. PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB6515 Afghanistan New Market Development Project

Project Name. PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB6515 Afghanistan New Market Development Project Project Name PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report.: AB6515 Afghanistan New Market Development Project Region SOUTH ASIA Sector General industry and trade sector (100%) Project ID P118053

More information

with the National Rural Support Programme (NRSP) for the Islamic Republic of Pakistan 13 November 2015 NDA Strengthening & Country Programming

with the National Rural Support Programme (NRSP) for the Islamic Republic of Pakistan 13 November 2015 NDA Strengthening & Country Programming with the National Rural Support Programme (NRSP) for the Islamic Republic of Pakistan 13 November 2015 NDA Strengthening & Country Programming READINESS AND PREPARATORY SUPPORT PROPOSAL PAGE 1 OF 10 Country

More information

1BSUOFST GPS %FWFMPQNFOU T "QQSPBDI UP.JDSPöOBODF

1BSUOFST GPS %FWFMPQNFOU T QQSPBDI UP.JDSPöOBODF 1BSUOFST GPS %FWFMPQNFOU T "QQSPBDI UP.JDSPöOBODF %FDFNCFS Partners for Development gggͷ`trͷ_bv Table of Contents Introduction... 2 Why PfD Supports Microcredit... 2 How PfD Supports Microcredit... 2 Partner

More information

Southern Punjab Poverty Alleviation Project (SPPAP)

Southern Punjab Poverty Alleviation Project (SPPAP) Southern Punjab Poverty Alleviation Project (SPPAP) Initial Impact of Community Revolving Funds for Agriculture Input Supply (CRFAIS) ~A Pilot Activity of SPPAP National Rural Support Programme (NRSP)

More information

How insurance can support climate resilience

How insurance can support climate resilience Accepted manuscript - 1 Embargoed till 24 March at 9am GMT (10:00 CET) How insurance can support climate resilience Swenja Surminski (Grantham Research Institute on Climate Change and the Environment at

More information

Climate Insurance Fund

Climate Insurance Fund Climate Insurance Fund An innovative approach to safeguard against extreme weather events in developing countries Frankfurt, 5 th July, 2013 Monika Beck Director Competence Center Financial Sector Development

More information

Regional NAP Expo Asia Seoul, Republic of Korea September 2017

Regional NAP Expo Asia Seoul, Republic of Korea September 2017 Nepal s experience in integrating climate change adaptation in national budget Regional NAP Expo Asia Seoul, Republic of Korea 11-12 September 2017 Raju Babu Pudasani, Chief, Sustainable Development and

More information

Actual Project Name : Mn - Sustainable Livelihoods Country: Mongolia US$M): Project Costs (US$M

Actual Project Name : Mn - Sustainable Livelihoods Country: Mongolia US$M): Project Costs (US$M IEG ICR Review Independent Evaluation Group 1. Project Data: Date Posted : 10/29/2008 Report Number : ICRR12989 PROJ ID : P067770 Appraisal Actual Project Name : Mn - Sustainable Project Costs (US$M US$M):

More information

Climate Insurance Fund (CIF)

Climate Insurance Fund (CIF) Climate Insurance Fund (CIF) Developing Climate Insurance Markets Around the Globe Through Equity/Debt Investments and Technical Assistance to Facilitate Healthy Development Agenda 1 The Climate Insurance

More information

CALL FOR PROPOSAL. Title: Improving Tenure Security of Smallholder Farmers in Select Areas in the Philippines

CALL FOR PROPOSAL. Title: Improving Tenure Security of Smallholder Farmers in Select Areas in the Philippines CALL FOR PROPOSAL The purpose of the Call for Expression of Interest is to solicit interest from regional or national not for profit rural civil society organizations as Implementing Partners that wish

More information

Fortieth Session. Rome, 3-8 July Medium Term Plan and Programme of Work and Budget (Draft Resolution)

Fortieth Session. Rome, 3-8 July Medium Term Plan and Programme of Work and Budget (Draft Resolution) June 2017 C 2017/LIM/4 Rev.1 E CONFERENCE Fortieth Session Rome, 3-8 July 2017 Medium Term Plan 2018-21 and Programme of Work and Budget 2018-19 (Draft Resolution) This document: I) provides an extract

More information

Close: 3 July 2017 STATE OF CITY FINANCES 2018 DANGA MUGHOGHO 20 JUNE Danga Mughogho State of City Finances

Close: 3 July 2017 STATE OF CITY FINANCES 2018 DANGA MUGHOGHO 20 JUNE Danga Mughogho State of City Finances STATE OF CITY FINANCES 2018 DANGA MUGHOGHO 20 JUNE 2017 Close: 3 July 2017 Page 1 of 6 Contents Close: 3 July 2017... 1 Contents... 2 Introduction... 3 Background... 3 Chapter Heading... 3 Chapter Background...

More information

AccessFinance A Newsletter Published by the Finance & Private Sector Development Vice Presidency

AccessFinance A Newsletter Published by the Finance & Private Sector Development Vice Presidency The World Bank Group October 2006 Issue No. 14 AccessFinance A Newsletter Published by the Finance & Private Sector Development Vice Presidency Commercial Bank Downscaling Lessons from Experience By Aurora

More information

Incremental cost methodology: potential approaches for the Green Climate Fund

Incremental cost methodology: potential approaches for the Green Climate Fund Meeting of the Board 27 February 1 March 2018 Songdo, Incheon, Republic of Korea Provisional agenda item 14(f) GCF/B.19/34 20 February 2018 Incremental cost methodology: potential approaches for the Green

More information

ASIAN DEVELOPMENT BANK

ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT BANK TAR: INO 34149 TECHNICAL ASSISTANCE (Financed from the Japan Special Fund) TO THE REPUBLIC OF INDONESIA FOR PREPARING THE SECOND DECENTRALIZED HEALTH SERVICES PROJECT November 2001

More information

Padang Lawas, Indonesia

Padang Lawas, Indonesia Padang Lawas, Indonesia Local progress report on the implementation of the Hyogo Framework for Action (2013-2014) Name of focal point: Yusniar Nurdin Organization: BNPB Title/Position: Technical Support

More information

Pidie Jaya, Indonesia

Pidie Jaya, Indonesia Pidie Jaya, Indonesia Local progress report on the implementation of the 10 Essentials for Making Cities Resilient (2013-2014) Name of focal point: Yusniar Nurdin Organization: BNPB Title/Position: Technical

More information

Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase

Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase Additional Modalities that Further Enhance Direct Access: Terms of Reference for a Pilot Phase GCF/B.10/05 21 June 2015 Meeting of the Board 6-9 July 2015 Songdo, Republic of Korea Provisional Agenda item

More information

Blended finance in Myanmar. TCX s role in realizing financial inclusion through innovative partnerships in Myanmar

Blended finance in Myanmar. TCX s role in realizing financial inclusion through innovative partnerships in Myanmar Blended finance in Myanmar TCX s role in realizing financial inclusion through innovative partnerships in Myanmar Table of Contents FOREWORD 4 TCX AT WORK 5 How local currency finance benefits Myanmar

More information

BlueOrchard Finance - Green Finance Initiatives

BlueOrchard Finance - Green Finance Initiatives BlueOrchard Finance - Green Finance Initiatives Hoa Le 18 November 2016, Luxembourg Founded in 2001, BlueOrchard has disbursed in excess of 3bn dollars, reaching more than 25m people in more than 60 countries

More information

Questions/Concerns regarding PAT CDP through Microcredit proposal

Questions/Concerns regarding PAT CDP through Microcredit proposal Questions/Concerns regarding PAT CDP through Microcredit proposal 1) In the proposal, it says - almost all our 35000 target members in Ariyalur, Trichy and Tanjore Districts in TamilNadu... What kind of

More information

People s Republic of China: Promotion of a Legal Framework for Financial Consumer Protection

People s Republic of China: Promotion of a Legal Framework for Financial Consumer Protection Technical Assistance Report Project Number: 47042-001 Policy and Advisory Technical Assistance (PATA) October 2013 People s Republic of China: Promotion of a Legal Framework for Financial Consumer Protection

More information

SECTOR ASSESSMENT (SUMMARY): FINANCE 1

SECTOR ASSESSMENT (SUMMARY): FINANCE 1 Country Partnership Strategy: Pakistan, 2015 2019 SECTOR ASSESSMENT (SUMMARY): FINANCE 1 1. Sector Performance, Issues and Opportunities 1. Financial sector participants. Pakistan s financial sector is

More information

Palu, Indonesia. Local progress report on the implementation of the Hyogo Framework for Action ( )

Palu, Indonesia. Local progress report on the implementation of the Hyogo Framework for Action ( ) Palu, Indonesia Local progress report on the implementation of the Hyogo Framework for Action (2013-2014) Name of focal point: Yusniar Nurdin Organization: BNPB Title/Position: Technical Support Consultant

More information

CARIBBEAN MICROFINANCE ALLIANCE MFI PERFORMANCE REPORT 2013

CARIBBEAN MICROFINANCE ALLIANCE MFI PERFORMANCE REPORT 2013 CARIBBEAN MICROFINANCE ALLIANCE ACKNOWLEDGMENT The report was produced with the assistance of Desjardins International Development (DID), a Canadian consultancy specializing in microfinance, as part of

More information

Microinsurance Future in Jamaica-The FSC s Perspective November 4, 2013

Microinsurance Future in Jamaica-The FSC s Perspective November 4, 2013 Microinsurance Future in Jamaica-The FSC s Perspective November 4, 2013 OUTLINE Mandate of the Financial Services Commission (FSC) Rationale for Microinsurance in Jamaica Development of Microinsurance

More information

Chair, Cabinet Environment, Energy and Climate Committee INTERIM CLIMATE CHANGE COMMITTEE TERMS OF REFERENCE AND APPOINTMENT

Chair, Cabinet Environment, Energy and Climate Committee INTERIM CLIMATE CHANGE COMMITTEE TERMS OF REFERENCE AND APPOINTMENT In Confidence Office of the Minister for Climate Change Chair, Cabinet Environment, Energy and Climate Committee INTERIM CLIMATE CHANGE COMMITTEE TERMS OF REFERENCE AND APPOINTMENT Proposal 1. I seek Cabinet

More information

with the Ministry of Finance and Planning for the United Republic of Tanzania 08 November 2015 NDA Strengthening & Country Programming

with the Ministry of Finance and Planning for the United Republic of Tanzania 08 November 2015 NDA Strengthening & Country Programming with the Ministry of Finance and Planning for the United Republic of Tanzania 08 November 2015 NDA Strengthening & Country Programming PAGE 1 OF 8 (Please submit completed form to countries@gcfund.org)

More information

Francesco Rispoli, IFAD, Italy

Francesco Rispoli, IFAD, Italy Scaling up insurance as a disaster resilience strategy for smallholder farmers in Latin America 11 th Consultative Forum on microinsurance regulation for insurance supervisory authorities, insurance practitioners

More information

Task 2: Strengthen the regional capacity and cooperation towards data and knowledge sharing on risks.)

Task 2: Strengthen the regional capacity and cooperation towards data and knowledge sharing on risks.) LED BY UNISDR Task 1: Enhance the regional institutional capacity and coordination with respect to disaster risk reduction (DRR) and adaptation to climate change. Background: Building disaster prevention

More information

Ex post evaluation Georgia

Ex post evaluation Georgia Ex post evaluation Georgia Sector: Formal sector financial intermediaries (24030) Programme/Project: Agricultural financing programme (fiduciary holding) (BMZ No. 2011 66 552)* Implementing agency: three

More information

Ex post evaluation India

Ex post evaluation India Ex post evaluation India Sector: Financial sector (CRS Code 2404000) Project: Capitalisation programme for microcredits BMZ No.1998 66 872* Programme-/Project executing agency: Indian cooperative bank

More information

Programmatic approach to funding proposals

Programmatic approach to funding proposals Meeting of the Board 28 30 June 2016 Songdo, Incheon, Republic of Korea Provisional agenda Item 12(g) GCF/B.13/18 20 June 2016 Programmatic approach to funding proposals Summary This document builds on

More information