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

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ANNEX 1: Management Action Record MatrixIEG Findings and ConclusionsGuidance is lacking on when andhow <strong>to</strong> incorporate climate risksin<strong>to</strong> project design and appraisal.Current procedures are ad hoc.IEG RecommendationsDevelop reference guidelines forincorporating climate risk managementin<strong>to</strong> project and program design,appraisal, and implementation.Acceptance byManagement<strong>World</strong> <strong>Bank</strong>: AgreeManagement Response<strong>World</strong> <strong>Bank</strong>: We have already startedwork in some sec<strong>to</strong>rs and countrystrategies, with support from Expert teams– such as those in Adaptation, Water, andDisaster Risk Management. We will buildon this engagement and explorepartnerships <strong>to</strong> bring <strong>the</strong> best knowledgein<strong>to</strong> operations and seek <strong>to</strong> mobilizeresources <strong>to</strong> systematically scale-up anddeepen our efforts in InternationalDevelopment Association (IDA) andInternational <strong>Bank</strong> for Reconstruction andDevelopment (IBRD) countries. We willwork through existing knowledge platformsand learning programs <strong>to</strong> make <strong>the</strong>guidelines readily and widely accessible <strong>to</strong>project teams.IFC: AgreeIFC: As <strong>the</strong> report recognizes, IFC hascreated <strong>the</strong> <strong>Climate</strong> Risk Working <strong>Group</strong>whose task is <strong>to</strong> develop recommendationson operational inclusion of climate risk andadaptation considerations in investmentproject appraisal. Along with operationalprocedures, <strong>the</strong> group is tasked withdefining <strong>to</strong>ols and methodologies foroperational use in climate risk andadaptation assessment for a set of pilotsec<strong>to</strong>rs and geographies.xxxv

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