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dc.titleIntegrating Climate Action into Public Investment Management: Lessons from Argentina, Costa Rica, and Colombia
dc.contributor.authorLlempén, Zoila
dc.contributor.authorGuardia, Andrea
dc.contributor.authorTorres Pelaez, Daniela
dc.contributor.authorDelgado, Raúl
dc.contributor.authorEguino, Huáscar
dc.contributor.authorLoo-Kung, Rudy
dc.contributor.authorGaleano, Juan José
dc.contributor.authorSamaniego, Adriana
dc.contributor.orgunitClimate Change and Sustainable Development Sector
dc.contributor.orgunitFiscal Management Division
dc.contributor.orgunitClimate Change and Sustainable Development Sector
dc.contributor.orgunitClimate Change Solutions Division
dc.contributor.orgunitInstitutions for Development Sector
dc.coverageArgentina
dc.coverageCosta Rica
dc.coverageColombia
dc.coverageLatin America and the Caribbean
dc.date.available2024-05-13T00:05:00
dc.date.issue2024-05-13T00:05:00
dc.description.abstractClimate change poses economic, social, and environmental challenges affecting millions of people in the Latin American and Caribbean (LAC) region. However, LAC governments have limited institutional and financial capacity to face these challenges. In this regard, a priority aspect is to incorporate climate change criteria into public investment management (PIM). This document analyzes the initiatives implemented by the governments of Argentina, Costa Rica, and Colombia to incorporate climate criteria in PIM and seeks to systematize the lessons learned. The analysis of these cases reveals progress in planning and integration of climate criteria as well as persistent challenges in coordination between entities, project evaluation and selection, budgeting, and risk management. It also highlights the need for standardized information at the project level and regulatory adjustments to facilitate the inclusion of climate criteria in the project cycle. The integration of climate action into public investment systems of the region is a gradual process that requires coordination, information, and regulatory adjustments to achieve climate-resilient investments.
dc.format.extent27
dc.identifier.doihttp://dx.doi.org/10.18235/0012967
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Integrating-Climate-Action-into-Public-Investment-Management-Lessons-from-Argentina-Costa-Rica-and-Colombia.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Integracion-de-la-accion-climatica-en-la-gestion-de-la-inversion-publica-lecciones-de-Argentina-Costa-Rica-y-Colombia.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.relation.seriesMEF Climate Change Platform
dc.subjectClimate Change
dc.subjectPublic Investment
dc.subjectInvestment System
dc.subjectInvestment
dc.subjectFinance
dc.subjectEconomy
dc.subjectBudget
dc.subjectMEF Climate Change Platform
dc.subject.jelcodeH54 - Infrastructures • Other Public Investment and Capital Stock
dc.subject.jelcodeO43 - Institutions and Growth
dc.subject.jelcodeO54 - Latin America • Caribbean
dc.subject.jelcodeQ54 - Climate • Natural Disasters and Their Management • Global Warming
dc.subject.keywordspublic investment;Resilient Infrastructure;climate change;Project evaluation;Latin America;Caribbean
dc.typeLearning Materials
idb.identifier.pubnumberIDB-LM-00660
idb.operationRG-T3993
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