Review of the Climate Macroeconomic Assessment Program Pilots

Policy Papers, June 16, 2023

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Canonical URL: Review of the Climate Macroeconomic Assessment Program Pilots

Reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward.
Builds on the experience of the previous six Climate Change Policy Assessment (CCPA) pilots and the recent rollout of the World Bank’s Country Climate and Development Report (CCDR).
Accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST).

Lessons from pilots and recent developments indicate the need to focus on the Fund’s comparative advantages in:
- mitigation
- PFM
- macro-fiscal impact of climate change policies
Experience suggests scope to streamline CMAP while maintaining support in exceptional circumstances.
Early RST requests highlight demand for more targeted capacity development (CD), particularly in support of RSF countries.

Streamline the CMAP to focus on the Fund’s comparative advantages in the areas of:
- mitigation
- PFM
- macro-fiscal impact of climate change policies
Provide a streamlined CMAP in exceptional circumstances.
Expand more targeted CD, in particular in support of RSF countries.
Aim for a focused and tailored approach that is:
- more agile
- allows the Fund to serve more members within the same resource envelope
- enhances synergies with other Fund products and the World Bank’s CCDR

Subject areas: Climate change, Climate finance, Climate policy, Environment, Monetary policy, Political economy
Keywords: adaptation, CCPA, Climate change, climate diagnostic assessment, Climate finance, Climate policy, climate policy ASSESSMENT tool, climate risks, CMAP, CMAP pilot, CMAP template, disaster risk financing, Global, macro-fiscal impact of climate change, mitigation, national climate strategies, PFM, pilot country authorities, program pilot, resilience to climate change