CIF FY18 Business Plan and Budget Mafalda Duarte

Transcription

1 CIF FY18 Business Plan and Budget Mafalda Duarte June 7, 2017

2 Overview 1. CIF Portfolio trends 2. Looking back achievements of FY17 3. Looking forward action priorities for FY18 4. Summary of proposed FY18 budget Administrative Services Support for Country Programming Knowledge and Learning Special Initiatives 5. Investment Income Analysis

3 CIF Portfolio Trends (1/3) 71 investment plans (IPs/SPCRs) endorsed (including regional programs) 6 IPs will be reviewed during this committee meeting 24 IPs and SPCRs are pending approval in FY18 and beyond In FY17, USD 2 million was approved as Investment Plan Preparation Grants for three countries. Funding (USD Million) 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY17 FY18 FY18 (1st S) 2nd S) (1st S) (2nd S) Cumulative indicative allocation (beginning) DGM allocation IP allocation (projected) # of IP endorsement (projected) IP allocation DPSP/PSSA allocation # of endorsed IPs Number of IPs

4 CIF Portfolio Trends (2/3) 9, , , , , , , , , % 8% CIF Portfolio Approvals Overview, FY09-FY18 15% 15% 34% 33% 30% 18% 42% 35% 62% 49% 70% 59% 79% 65% FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 91% 73% 95% 100% 81% 80% 60% 40% 20% 0% Indicative Allocation (Cumulative) MDB Approved Funding (Cumulative) SC Approval Rate (Projected) MDB Approval Rate (Projected) Committee Approved Funding (Cumulative) SC Approval Rate MDB Approval Rate 52 projects, totaling USD 843 million to be approved in FY projects with USD 292 million of funding are projected to be submitted for approval during FY18.

5 CIF Portfolio Trends (3/3) CIF Approval Trends Inception to FY18 8, , , Funding (in USD million) 5,000 4,000 3,000 2,000 1,000 0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY No. of projects Cumulative Approved Funding Approved Funding-Fiscal Year Projected Funding Approval # of Approved Projects Projected # of Approvals

6 Looking Back Achievements of FY 17 Gender integration Deepened effort to integrate gender across the CIF Risk management Enhancements through the risk dashboards continued Automation enhancements Through the CIF Collaboration Hub Financing modalities Intensive engagement and analysis into financing modalities for CTF and into operating models for the FIP Knowledge and learning Agenda on knowledge and learning expanded Results monitoring and reporting Updated framework for monitoring and reporting on results Stakeholder Advisory Network SAN launched, and operating arrangements discussed

7 Looking Forward Action priorities for FY18 Strategically managing a maturing portfolio - implementing the pipeline management policy; project/program changes; portfolio reporting and monitoring Exploring financing modalities through CTF 2.0 Implementing the CIF Gender Policy and Action Plan Strategic positioning on knowledge and learning Emphasis on people, results, and storytelling bringing stories and results from the ground CIF at 10 - reflecting on what the CIF has delivered and learned

8 Summary of Proposed FY18 Budget (1/2) Proposed budget FY18: USD million USD Administrative Services USD Learning and Knowledge Exchange FY18 budget represents a 3.5% reduction in total budget. Admin Services budget increased by 6.3%. Summary of Admin Services budget drivers: World Bank non-salary staff cost recovery Cost of engagement on CTF 2.0 Active management and reporting on maturing portfolio Increased focus on knowledge

9 Administrative Services (1/2) Distribution of FY18 administrative services budget* (*administrative services represent the services provided by the CIF Administrative Unit, focal point teams of the MDBs and trustee to deliver on the mandate of the CIF) 20% 34% 1. Policy development, working with the Trust Fund Committees, Sub-Committees, and managing relations 2. Investment plan development, update and revision 5% 3. Development and approval of CIF funding of programs and projects. 12% 18% 5% 6% 4. Knowledge management and communications 5. Monitoring and evaluation; stakeholder engagement in review of IP implementation 6. Gender mainstreaming 7. Managing resources and risk

10 Administrative Services (2/2) CIF Budget as a percentage of project funding (FY09-FY18) CIF cumulative budget from FY09 FY18 is about 2.7% of funding approvals for projects and programs. 9, , , , , , , % 6.2% 2.7% 2, , CTF SCF Total Funding approvals CIF Budget

11 FY18 Knowledge and Learning (1/2) USD 1.16 million is needed for Learning and Knowledge Exchange activities to fund the following: Activity Amount Proposed Dates (US$ 000) Knowledge Exchanges 180 Jan Feb, 2018 Case Studies and Lessons 150 June, 2018 Learned Thematic Learning Events 165 March, 2018 FIP Pilot Countries Meeting 350 September, 2018 Events 200 Through the year COP23 & other Events 115 November, 2017 Total 1,160

12 FY18 Knowledge and Learning (2/2) FY18 Knowledge and Learning activities will cover the following: Knowledge Exchanges: South-South exchanges, cooperation and learning opportunities, learning on Concentrated Solar Power, Geothermal, Case studies and lessons learned: Focus on highlighting results that illustrate good lessons following the format of the science of delivery initiative (GDI) Build on thematic learning events from FY17 and explore virtual learning networks and communities of practice FIP Pilot Countries Meeting: The 2017 FIP pilot countries meeting will take place (provisionally in Laos) FY18 marks the 10th year anniversary of the CIF COP 23 and international events: Will include knowledge sharing at international events such as the COP 23 and other events.

13 MDB Support for Country Programming Considering the balance of funds available to support country programming in FY17, no additional top-up of this multi-year budget is requested. Balance of funds as of June 30, 2017 USD 6.6 million FY 18 estimated requests USD 3.0 million Estimated balance of Country Programming Budget USD 3.5 million CTF SCF Total Total budget approved in Business Plan (FY09-FY17)* Estimated balance on 6/30/ (allocations + returned funds) Estimated requests in FY Balance of multi-year country programming budget for FY *Including supplemental budget approved in August, 2015 (All amounts in USD 000)

14 Special Initiatives Update on ongoing activities 1/3 No special initiatives are proposed for FY18. Ongoing activities in FY17 include the following: FIF Collaboration Platform: Initial development was completed in FY17 Evaluation and Learning Initiative: Call for Proposal generated 11 activities under implementation DIME Engagement: Funding approved in FY15 to promote evidence-based learning in the CIF. Implementation ongoing in Mozambique and Burkina Faso. Proposal was made to drop the project in Brazil and replace with a FIP project in Indonesia Multi-Tier Access Framework to support investment planning in SREP countries implemented jointly with ESMAP: Multi-Tier Access Framework (MTF) instrument completed and piloting in 10 SREP countries ongoing.

15 Special Initiatives Update on ongoing activities 2/3 Strategic analysis (CTF 2.0): Consultations with credit rating agencies and advancing the legal structure and domiciliation analysis to support the proposal Collaboration with PROFOR team: This ongoing activity allows FIP to partner with PROFOR to extent the use of the tool in up to two FIP pilot countries Promoting innovation in CIF knowledge management initiative by MDBS: Awarded to six proposals submitted by MDBs for knowledge activities and meet some or all the criteria for being strategic, innovative, participatory, and applied.

16 Special Initiatives Update on ongoing activities 3/3 Funding for investment plan review for IPs and SPCRs Four risk management dashboards one each for CTF, PPCR, SREP, and FIP have been developed Support to GHG analysis and harmonization of methodology: CIF funding, along with other partners, supports the development of a joint database of emission factors in the energy sector

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