The Pilot Program for Climate Resilience (PPCR) is a funding mechanism under the Climate Investment Funds (CIF) which is helping developing countries integrate climate resilience into development planning and investment.
The PPCR has a two phase programmatic approach:
PPCR funding is being used to implement 55 projects in 17 countries including Jamaica, which is receiving funding as a part of the PPCR for the Caribbean region. To date the PPCR has approved over US$846 million in funding globally.
The PPCR provides support which helps countries move from a piecemeal, project by project method of building climate resilience to a wider, more comprehensive approach of long-term strategic investments and activities which should facilitate transformational change at the national level and across targeted sectors.
To extend the PPCR’s reach beyond national and regional investment plans and to stimulate more private sector participation, concessional financing has been set aside to be awarded on a competitive basis for innovative private sector projects advancing the goals of the PPCR.
The PPCR will focus on the following areas:
There are several countries across the world benefiting from PPCR.
Caribbean region:
As well as Papua New Guinea, Samoa, Tonga in the Pacific region, in addition Bangladesh, Bhutan, Bolivia, Cambodia, Ethiopia, Gambia, Honduras, Kyrgyz Republic, Madagascar, Malawi, Mozambique, Nepal, Niger, Philippines, Rwanda, Tajikistan, Uganda, Yemen and Zambia.
The PPCR receives its funding from the Climate Investment Funds, who is in turn funded through contributions from 14 donor countries which have contributed over $8 billion in support to date. The CIF channels its funds through:
These entities in turn administers funding to the PPCR in different regions. The Jamaica PPCR project funds are administered by the Inter-American Development Bank and the World Bank.