Access to Competitive Funding (2nd Round)
FOR INNOVATIVE PROGRAMS AND PROJECTS THAT ENGAGE THE PRIVATE SECTOR IN PPCR
Results from Second Round
At its meeting in June 2014, the PPCR Sub-Committee reviewed the expert group report and prioritized recommendations of project concepts submitted under the second round of the PPCR private sector set-aside.
For the second round of the PPCR Private Sector set-aside, eight concepts were submitted for review by the expert group.
Public versions of the concept notes are availabe for the four concepts that were recommended with conditions by the expert group:
1. Financial Risk Management for Climate Resilience in the Agricultural Sector (IDB) in Bolivia
2. Integrated Climate-Resilient Rice Value Chain Community Project (ADB) in Cambodia
3. Rainwater Harvesting and Drip Irrigation for High-Value Crop Production (ADB) in Cambodia
4. Microfinance and Climate Resilience for Smallholder Farmers in Bolivia (IDB) in Bolivia
Under the Pilot Program for Climate Resilience (PPCR) over US$ 29 million in concessional funds have been set aside to contribute to financing for innovative programs and projects that engage the private sector in activities associated with reducing countries’ exposure to climate risk and uncertainty. In total between the two rounds of proposals, $75.4 million in concessional financing has been set aside for innovative private sector projects.
Second Round Process and Background
To be considered for PPCR funding, concept proposals were submitted by one of the multilateral development banks (MDBs) on behalf of the potential project proponent no later than April 30, 2014. Parties interested in accessing these funds were encouraged to contact the MDB PPCR focal point located in the relevant country, listed below. It was suggested to contact the focal point at least a month in advance of the April 30 deadline to allow time to collaborate in developing a proposal.
Proposals for utilizing this second round of funds were reviewed and selected on a competitive basis by the PPCR Sub-Committee, taking into account the recommendations of an expert group.
Activities financed are aligned with the objectives of endorsed Strategic Program for Climate Resilience (SPCR) of one of the eighteen countries or two regions engaged in the PPCR: (Bangladesh, Bolivia, Cambodia, Dominica, Grenada, Haiti,Jamaica, Mozambique, Nepal, Niger,Saint Lucia, Saint Vincent and the Grenadines, Papua New Guinea,Samoa, Tajikistan, Tonga,Yemen, Zambia, and the Pacific or Caribbean regions).
Endorsed proposals advance the PPCR objectives (see PPCR design document)
Programs and projects will be implemented through one of the CIF partners: the African Development Bank, the Asian Development Bank, the Inter-American Development Bank and the World Bank, including the International Finance Cooperation.
In reviewing proposals, the following were considered:
- Further advancement of the objectives of the endorsed SPCR: the degree to which the proposed project meets the investment criteria for the PPCR;
- Level of innovation proposed: this may include innovation in terms of technology, business model, financial instruments or structure. The "level of innovation proposed" needs to be justified in the country- or sector-specific context of the proposal;
- Readiness: feasibility of MDB board approval within 9-18 months of PPCR funding approval by the PPCR Sub-Committee. An assessment of readiness may include regulatory framework, institutional capacity or implementation risk;
- Level of benefits to vulnerable groups: how the project/program may benefit vulnerable or marginalized groups, and how gender considerations will be taken into account;
- Sustainability of intended results: the likelihood of a project to produce results which can be sustained over time without additional external financial support or have a demonstrative character to be scaled up through markets.
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