Support for Implementation of the Asia-Pacific Climate Finance Fund (ADB-51163-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Region: Asia-Pacific
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.75 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 15, 2017

Disclosed by Bank Oct 2, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
The proposed technical assistance (TA) project will support the implementation of the Asia-Pacific Climate Finance Fund (ACliFF or the Fund), a multi-donor trust fund that was approved by ADB on 28 April 2017. ACliFF will support the assessment, development and provision of financial risk management products that can help unlock financing for climate investments and improve resilience to the impacts of climate change. The TA fulfills part of ADB's commitment to support the implementation of ACliFF as reflected in the annual work plan of the Climate Change and Disaster Risk Management Thematic Group. The TA supports activities in line with the strategic priorities identified in the Climate Change Operational Framework 2017-2030 (CCOF2030): Enhanced Actions for Low Greenhouse Gas Emissions and Climate-Resilient Development, approved by the President on 4 July 2017, which aims to facilitate access by ADB's developing member countries (DMCs) to public and private, domestic and international climate finance, and contributes towards meeting ADB's target for increasing climate financing from its own resources to $6 billion by 2020. CONSULTING SERVICES All consultants will be hired through individual consultant selection, either directly or through firms, for a total of 37 person-months for an estimated amount of $551,100. International consultant(s) composed of a senior climate investment specialist, four risk management specialists, and a knowledge management specialist will form the TA's core technical team and will be engaged for 25 person-months intermittent with output-based, partial lump-sum contracts. They will be supported by an operations coordinator (national consultant) based at ADB headquarters engaged for 12 person-months intermittent with a time-based contract. The consultants will be engaged by ADB in accordance with the Guidelines on the Use of Consultants (2013, as amended from time to time). The consultants will report to TA Supervising Unit (TASU) officer until the ACliFF Fund Manager has been recruited, after which responsibility for the TA will pass onto the Fund Manager who will in turn report to Director, SDCD. The Fund Manager is planned to be hired as international staff and financed by the Fund. Risk management specialists will be hired to carry out focused analyses once concrete opportunities and preliminary screening of risk products for specific projects has been undertaken. 1. Senior Climate Investment Specialist 2. Risk Management Specialists 3. Knowledge Management and Communication Specialist 4. Project Coordinator
Investment Description
  • Asian Development Bank (ADB)
Contact Information
ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main