Adapting to Climate Change: Assessing the World Bank Group ...

APPENDIX BAction Area 2: MobilizeAdditional Concessionaland Innovative FinanceIncrease access toadditional finance tocover higher costs andrisks• Maintained or increased IDAreplenishment levels, and improvedtracking of ODA to climate-related actions,mitigation and adaptation (with DAC)• Climate Investment Funds operationalwith a target of $6 billion• Country-level activities start under FIPand SREP; implementation of strategicprograms starts under PPCR.• Increased leverage of GEF funds throughprogrammatic approaches• Guidelines to help access variousfinancing instruments and reducetransaction costs prepared• Guidelines extended to a broader range ofinstrumentsFY11FY09FY11FY09–11FY09FY11AchievedAchievedAchieved.Achieved. Leverage needs to be discussedAchieved As a part of reported earlier achievement underClimate Finance Knowledge Platform: one-stop knowledgevirtual centre on climate finance, offering practitionersdetailed and up to date information for better decision makingNot achieved. Referred guidelines are not developed,indicator is not clear.Action Area 3: Facilitate theDevelopment of Market-basedFinancing MechanismsIncrease access tomarket products,including for REDDand adaptation• Access to climate risk managementproducts and reinsurance marketsincreasedFY10Achieved4:LeveragePrivateIncrease leveraging ofprivate investments105