Climate Investment Assessment Mechanism within the framework of the CAMP4ASB project
May 25, 2017, Almaty, CAREC hosted a working meeting of regional and national implementation groups of the Climate Adaptation and Mitigation Program for Aral Sea Basin (CAMP4ASB) on the assessment of the climate investment mechanism.
The heads of the project implementation groups and specialists in the credit lines of the CAMP4ASB project from Rural Restructuring Agency under the Ministry of Agriculture and Water Resources of the Republic of Uzbekistan, the Ministry of Finance of the Republic of Tajikistan, the Committee for Environmental Protection under the Government of the Republic of Tajikistan, Project national consultants for the Climate Investment Assessment attended the meeting.
According to the Project Appraisal Document* of the project, it is necessary to develop a Climate Investment Assessment Mechanism. It is expected that the Regional and National Coordination Units of the CAMP4ASB project on an annual basis will assess the loans issued. At the same time, the main goal is not financial indicators, but about how much the credited technology / activity allows or allowed to reduce the vulnerability of the borrower or the local community to the negative consequences of climate change.
As a result of the working meeting, the National Coordination Units of the project (NCUs) exchanged experience in financing / crediting farmers and agricultural activities. There were reports from NCUs about:
– the main areas for which funding was allocated for other projects;
– under what technologies / activity there is a demand for loans from farmers;
– what kind of difficulties financial institutions are faced by the time working with borrowers (financial literacy of farmers, compiling business plans, awareness of the technology that they plan to master, etc.);
– funding plans under the CAMP4ASB project
The main principles of the Climate Investment Assessment Mechanism within the CAMP4ASB project and the possible mechanism of interaction between the regional and national coordination groups, taking into account the conditions of the Project Appraisal Document, were also discussed; developed and agreed (acceptable for all parties involved) approaches and procedures to the Climate Project Investment Assessment.
*PAD – Project Appraisal Document