Accordingly, the Japan International Cooperation Agency (JICA) and the French Development Agency (AfD) will jointly provide roughly US$145 million. The Australian Agency for International Development (AusAID) will join with a first AUD8 million, and Korea Eximbank with US$30 million, bringing total support to about US$253 million in the context of the proposed operation.
This operation includes five policy actions, under the three thematic pillars of climate change adaptation, mitigation and cross-cutting issues. They focus on the water sector, energy sector, climate change integration into development planning and a more conducive environment for climate financing.
In particular, this policy operation has supported the development of a new Law on Water Resources, the adoption of regulations establishing the qualification and certification requirements for energy auditors and managers.
It also helped with the establishment of a National Climate Change Strategy, the readiness for a national coordination platform for disaster risk reduction and climate change adaptation, and an institutional mechanism to promote climate – response financing sources.
The credit comes from the International Development Association, the WB’s concessional lending resource for low income countries. This credit has a 25-year maturity with a 5-year grace period.
