| Financier | Commitments |
|---|---|
| Climate Investment Funds | 2.85 |
| Climate Resilient and Low-carbon Development | 1.75 |
Rwanda NDC Deep Dive: Advancing Financial Innovation to scale up Climate Action
Abstract*
The project focuses on institutional strengthening through the identification, design, and operationalization of non-grant financial instruments and initiatives designed to mainstream private sector climate investments into a broad range of sectors. The project provides support for Rwanda's Catalytic Climate Financing Facility; the development and implementation of instruments for green growth and climate resilience; and the preparation of flagship... Show More
Development Objective
The objective is to enhance the capacity of the government of Rwanda to advance financial innovation to accelerate climate change adaptation and mitigation in line with its Nationally Determined Contribution under the Paris Agreement.
Key Details
Project Details
P172153
Closed
Diji Chandrasekharan Behr
Ministry of Finance and Economic Planning (MINECOFIN)
Rwanda
February 3, 2020
(as of board presentation)
September 27, 2020
October 6, 2020
US$ 4.60 million
Rwanda Green Fund (FONERWA)
2021
US$ 4.60 million
N/A
Moderate
December 31, 2023
Yes
BANK APPROVED
July 29, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 4.60 |
| Total Project Cost** | 4.60 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
Detailed Financial Activity as of April 30, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Satisfactory | 2024-03-19 |
| Progress towards achievement of PDO | Satisfactory | 2024-03-19 |
| Overall | Low | 2024-03-19 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-25-2024 |
|---|---|
| Outcomes | Substantial |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Operational Procedures for the Rwanda Green Investment Facility approved by FONERWA's Board Value No Yes Yes Date September 7, 2020 June 30, 2023 December 18, 2023 Comment Procedures to establish, capitalize, and operate the Community Adaptation Fund developed Value No Yes Yes Date September 7, 2020 June 30, 2023 November 30, 2022 Comment Number of “flagship” NDC projects supported Value 0.00 3.00 3.00 Date September 7, 2020 June 30, 2023 September 1, 2022 Comment Number of people supported to cope with the effects of climate change Value 0.00 2500.00 2513.00 Date September 7, 2020 June 30, 2023 December 29, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of instruments supporting green growth and climate resilience designed Value 0.00 4.00 4.00 Date September 7, 2020 June 30, 2023 December 31, 2023 Comment Number of participants involved in consultations Value 0.00 100.00 100.00 Date September 7, 2020 June 30, 2023 December 31, 2023 Comment