Regional Development Bank

GEF Council Approves Largest Proposed Work Program in History of GEF Financing [viewed]

Participants at the 48th meeting of the GEF Council 4 June 2015: The 48th meeting of the Global Environment Facility (GEF) Council adopted the largest proposed Work Program in the history of GEF financing, involving a total of US$709 million of GEF Trust Fund resources, plus an indicative amount of US$4.81 billion in co-financing. The Work Program encompasses Integrated Approach Pilots (IAPs) on sustainable cities, food security in sub-Saharan Africa, and taking deforestation out of commodity supply chains, as well as other projects and programs.

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May 2015 Climate Finance Update [viewed]

AfDB - IDB - Adaptation Fund - UNDP - GEF - World Bank - APEC - SLoCaT - UNISDR - ADB - EIB1 June 2015: Climate finance-related news and announcements during May 2015 were published by the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Adaptation Fund, the UN Development Programme (UNDP), the Global Environment Facility (GEF), the World Bank, Asia-Pacific Economic Cooperation (APEC), the Partnership on Sustainable Low Carbon Transport (SLoCaT) and the UN Office for Disaster Risk Reduction (UNISDR). AfDB, IDB, the Asian Development Bank (ADB), the European Investment Bank (EIB) and the World Bank launched studies, reports and stories related to climate risk and finance. AfDB, ADB and the World Bank reported on climate change and finance-related events.

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May 2015 Sustainable Energy Finance Update [viewed]

AfDB-ADB-EBRD-EIB-GEF-IDB-OPEC-World BankMay 2015: In May, the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Global Environment Facility (GEF), Inter-American Development Bank (IDB), OPEC (Organization of the Petroleum Exporting Countries) and World Bank announced funding for sustainable energy projects.

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CIF Expands Investment Opportunities to 72 Countries [viewed]

CIF19 May 2015: Decisions taken during the semi-annual Climate Investment Funds (CIF) governing body meetings will bring the US$8.1 billion CIF to a total of 72 developing and middle-income countries in the areas of renewable energy, technology, sustainable forestry and climate resilience. During the meetings, the CIF earmarked US$100 million to Ghana, Nicaragua and Haiti to help them develop their renewable energy markets.

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Event: Workshop on Corruption Risks and Anti-Corruption Strategies in Climate Aid [viewed]

The 'Workshop on Corruption Risks and Anti-Corruption Strategies in Climate Aid – Good Governance towards Integrity, Transparency, and Accountability in Achieving Objectives of Climate Mitigation and Adaptation' will discuss: how to most effectively address corruption; and how anti-corruption efforts can be integrated into measures that achieve good governance in combating climate change, and ensuring transparent, efficient and accountable use of climate finance. This high-level and interactive workshop will present cases drawn from climate aid flows and corruption examples in climate aid in the Philippines. Trainers from the U4 Anti-Corruption Resource Centre, as well as the Asian Development Bank (ADB) and staff from the German Gesellschaft fuer Internationale Zusammenarbeit (GIZ), will facilitate a training workshop. More specifically, the event aims to: develop a common understanding of corruption risks, causes and consequences in climate financial flows and uses, including regarding natural resource management; examine existing and potential anticorruption strategies to mitigate corruption risks in climate financing and in natural resource management; and formulate recommendations for mitigating corruption risk in the climate financing flows at country level, using the Philippines as a case study. The workshop is being organized by ADB, in collaboration with GIZ, the U4 Anti-Corruption Resource Centre, and in partnership with the Government of the Philippines' Office of the Ombudsman.  

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April 2015 Climate Finance Update [viewed]

April 2015 Climate Finance30 April 2015: During April 2015, the Asian Development Bank (ADB), the African Development Bank (AfDB), the Inter-American Development Bank (IDB), the Nordic Environment Finance Corporation (NEFCO), the Adaptation Fund, the Climate Investment Funds (CIF), the Green Climate Fund (GCF), the World Bank, Climate Finance Options and the UN Environment Programme (UNEP) DTU Partnership reported on project news and other climate finance-related developments.

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April 2015 Water Finance Update [viewed]

afdb_gef_idb_gwpApril 2015: During the month of April, international financial institutions (IFIs), including the African Development Bank (AfDB), Global Environment Facility (GEF), Inter-American Development Bank (IDB) and World Bank, announced financing for projects related to water resource management, sanitation services and water conflict resolution. In addition, the Global Water Partnership (GWP) undertook an initiative for climate-proofing water investment in the Caribbean.

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Public and Private Sectors Progress REDD+ Implementation [viewed]

UN-REDD Programme21 April 2015: New commitments and partnerships to reduce the contribution of deforestation and forest degradation to climate change continue across the public and private sectors.

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World Bank/IMF Spring Meetings Address Climate Change, FfD and Post-2015 Development Agenda [viewed]

spring_201520 April 2015: At their annual Spring Meetings, the World Bank Group (WBG) and the International Monetary Fund (IMF) addressed a range of issues, from climate change, financing for development (FfD) and the post-2015 development agenda, to the Ebola crisis, job creation, fiscal stability, and fragility and conflict. On the sidelines of the Spring Meetings, the Development Committee held its 91st meeting.

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ECOSOC Begins Meeting with BWIs on Post-2015, FfD [viewed]

ECOSOC20 April 2015: The UN Economic and Social Council (ECOSOC) began its annual special high-level meeting with the World Bank, the International Monetary Fund (IMF), the World Trade Organization (WTO), and the UN Conference on Trade and Development (UNCTAD), with a focus on the theme of ‘Coherence, coordination and cooperation in the context of financing for sustainable development and the post-2015 development agenda.' The meeting brought representatives of the Bretton Woods Institutions (BWIs) together with UN Member States to discuss post-2015 development and the Third International Conference on Financing for Development (FfD 3).

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