IMF Climate Capacity Development (CD) Partnership Forum—First Meeting

IMF News, May 4, 2023

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Launch of the first-ever Climate Capacity Development Partnership Forum to strengthen coordination between governments, donors, development banks, and the private sector.
Objective: solicit partner input on how IMF capacity development can help members respond to climate challenges and identify partner priorities for future collaboration.
Intention: establish the Forum as the first of many and promote productive discussion and partnership.

Climate placed at the heart of IMF work across surveillance, lending, data, and capacity development.
Capacity development framed as critical to ensuring countries deliver on their policy goals.

Models and tools:
- Development and dissemination of models and tools that integrate climate considerations and policies into countries’ macroeconomic frameworks.
- Example: IMF experts helped the Bank of Ghana incorporate climate into its Quarterly Projection Model.
Climate data:
- Work to make quality climate data available through the IMF’s Data Standards Initiative and the G20’s Data Gaps Initiative.
- Emphasis: “good data is essential for good decisions.”
Financial sector integration:
- Integration of climate risk scenarios in Financial Sector Assessment Programs (FSAPs).
- Status: climate risk scenarios have already been integrated in more than ten Financial Sector Assessment Programs, including in the Philippines, Mexico, and Uruguay.
Attracting and managing climate investments:
- Assistance to countries to attract and manage climate investments and establish risk-sharing mechanisms to leverage private capital.
- Tools to empower policymakers to identify, appraise, and select good quality public investment projects include:
- Climate Policy Assessment Tool (CPAT)
- Climate Public Investment Management Assessment (C-PIMA)
- Green Public Financial Management (Green PFM)
- Implementation: The IMF has conducted 29 C-PIMA missions since April 2021, and demand from members is increasing.

Headquarters in Washington
17 Regional Capacity Development Centers
Network of long-term experts in the field
Today’s program includes experts joining both in Washington and from one of the IMF’s Regional Training Centers in Africa.

IMF seeks partner feedback on priorities and ways to improve partnership and delivery of capacity development.
Forum intended as an ongoing platform for collaboration and scaling up support to members on climate-related policy and capacity needs.

Source: IMF — "IMF Climate Capacity Development (CD) Partnership Forum—First Meeting", Opening Remarks by Bo Li, May 4, 2023.