There is increasing international recognition of the need to integrate climate change and environmental considerations into mainstream financial decision-making. Better access to climate-related information can enhance how climate risks are assessed, priced and managed. However, implementing requirements around climate-related financial disclosure brings with it technical and political challenges.
The PEFA Framework aims at assessing and reporting on the strengths and challenges of public financial management (PFM) using quantitative indicators to measure performance. Since its launch in 2005, the PEFA framework has been used for 640 assessments in 152 countries and is widely recognized as the most commonly accepted PFM assessment tool.
The Virtual Meeting on Green Budgeting builds on preliminary discussions at the second meeting of the Green Budgeting Expert Group held under the auspices of the Paris Collaborative on Green Budgeting (PCGB) on 29 April 2019. A scoping paper was produced which will serve as input for the Session 5 “Long-term Fiscal Sustainability” at the joint 3rd OECD Paris 4 Collaborative on Green Budgeting Expert Group Meeting & 1st Workshop of the Coalition of Finance Ministers on Climate Action on Helsinki Principle Four "Macroeconomic Management and Public Finance".
Venue: African Development Bank Headquarters, Abidjan, Côte d'Ivoire The Ministry of Finance, Cote D'Ivoire and the World Bank will host the Fourth Sherpa Meeting of the Coalition of Finance Ministers for Climate Action on February 24-26 in Abidjan, Cote D'Ivoire.