Review of the Climate Macroeconomic Assessment Program Pilots

International Monetary Fund

No 2023/025, IMF Policy Papers from International Monetary Fund

Abstract: This paper reviews the two Climate Macroeconomic Assessment Program (CMAP) pilots and proposes a way forward. It 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). It also accounts for early experience with countries requesting support under the Fund’s Resilience and Sustainability Trust (RST). Based on the lessons from pilots and recent developments, staff proposes to streamline the CMAP to focus on the Fund’s comparative advantages in the areas of mitigation, PFM and macro-fiscal impact of climate change policies, provide a streamlined CMAP in exceptional circumstances, and expand more targeted CD in particular in support of RSF countries. This focused and tailored approach would benefit members as it is more agile, allows the Fund to serve more members within the same resource envelope and enhance synergies with other Fund products and the World Bank’s CCDR.

Keywords: climate diagnostic assessment; resilience to climate change; climate risks; national climate strategies; mitigation; adaptation; PFM; disaster risk financing; macro-fiscal impact of climate change; CMAP; CCPA; CMAP pilot; climate policy ASSESSMENT tool; CMAP template; pilot country authorities; program pilot; Climate change; Climate policy; Climate finance; Global (search for similar items in EconPapers)
Pages: 34
Date: 2023-06-16
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