Nepal Climate Change Support Programme 2
Strengthening Nepali local governments’ ability to manage green funds can spur investment in and accelerate climate action.
Nepal is highly vulnerable to natural disasters. And as global warming continues, Nepal’s vulnerability accelerates, too. New local authorities often lack the financial management skills necessary to effectively manage green infrastructure projects. With better capacity to manage climate funds, Nepal will position itself to manage weather-related risks and spur investment in its green growth.
The Nepal Climate Change Support Programme 2 manages a fund that invests in green infrastructure and improves local government capability to distribute climate funds. By equipping government stakeholders with the financial systems and knowledge to make climate-smart investments, the project improves citizens’ access public services and resources that avert the worst effects of recurrent weather shocks.
Chemonics International is working with the government of Nepal to identify and set up the safe, efficient financial systems the government needs to achieve its climate targets. The project improves local governmental ability to manage climate funds by providing training in finance, accounting, and logistics. By smoothing the fiduciary risks of delivering climate financing through Nepal’s local governmental systems, the project seeks to attract international investment in the country’s green growth and development.