Climate Change Funds and Implications for LAC Countries and the IDB

Abstract

This paper surveys climate change funds related to LAC countries and attempts to derive some implications through performance analyses of these funds. The performance analyses show that the following matters should be addressed: increases in participation of the IDB as an agent in the projects for the LAC region, enlargement of the scale of co-financing in the IDB-brokered cases as well as in the LAC region, and reinforcement of the linkage between the SECCI Funds and international climate change funds. Further research as to why the level of co-financing in LAC countries is lower than in other regions would also be of interest.