Climate Change : Regional Strategy

To support MENA countries in their adaptation and mitigation efforts, the World Bank Group is currently drafting  MENA Regional Business Strategy to Address Climate Change, by fully integrating the objectives of reducing climate change induced vulnerability and GHG emissions into the Bank’s development assistance to the region.  

Business Plan. The proposed business plan of lending activities is organized around two dimensions:

a)         The World Bank projects (IBRD and IDA) that will serve as “vehicle” to deliver the mitigation or adaptation assistance; these include:

• projects already under implementation (portfolio),
• projects under design (pipeline: FY08 to FY10), and
• projects that could be included in the pipeline in the future (business development: FY09-FY11);

b)        The additional activities that would help MENA countries reduce GHG emissions or enhance their resilience to climate change.

• “Fast track” project components: these are activities that could be integrated into projects that are already included in the Bank’s pipeline or portfolio, with IBRD or IDA loan amounts already agreed upon or discussed in principle with client countries. In these operations additional adaptation or mitigation activities could be rapidly integrated into project design or implementation;
• “Consolidation” project components: this group includes ideas that, based on country dialogue, expert assessment of sector needs, and existing sector work, could be included in the Bank’s existing or future pipeline in a subsequent stage of strategy implementation. For these projects, indicative amounts of IBRD and IDA lending have been tentatively identified as a basis for further consultation with the clients.
• Other projects: This category includes projects in the portfolio or in the pipeline for which no specific opportunities of integrating adaptation or mitigation activities have been identified.