The global architecture of climate finance is fast evolving. The Green Climate Fund is taking shape and is likely to change the scale and delivery of climate finance. Other sources of private and public finance are also emerging. As this landscape develops, a crucial question arises: To what extent are developing countries capable of tapping and managing these financial flows? Considering the range of capacities (mostly inadequate) and conditions prevailing across the developing world, enhancing the climate finance readiness of countries has become a challenging new task for planners and finance developers.
Identifying opportunities for supporting the governments of Indonesia and Vietnam in climate finance management.
At the behest of policy partners, rapid scoping studies were conducted to map relevant climate finance architecture and performance in both countries and on the basis identify next steps in readiness building. The country assessment reports for Indonesia and Vietnam, completed in 2013, give an overview of existing climate finance systems and conditions in Indonesia and Vietnam.