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            Mozambique: First Climate Change Development Policy Operation

                                SUMMARY OF DISCUSSION

                              Meeting of the Executive Directors

                                          January 24, 2013


      Directors approved the First Climate Change Development Policy Operation for the
Republic of Mozambique in the amount of SDR 32.6 million (US$50 million equivalent) on the
payment terms and conditions set out in the President’s Memorandum (IDA/R2012-0303).

         Directors expressed support for the objectives of the operation and its alignment with
priorities in the Country Partnership Strategy, including reducing vulnerability and increasing
resilience. Directors noted that this is the first development policy operation of its kind in Sub-
Saharan Africa and commended its innovative and ambitious approach. They noted the operation
is part of an increasing commitment to the climate agenda on the part of the Government, the
World Bank and international donors. Directors welcomed the government’s efforts to
implement a combination of pilot investments, knowledge management, and policy and
institutional reforms in an integrated strategic program for climate resilience.

        Directors encouraged careful sequencing of the series of development policy operations
that are designed to promote policy and institutional reforms for climate resilience in
Mozambique. They called for continued attention to coordination among donors and across
sectors, capacity building, including at the local level, adequate project supervision, and the
management of project-specific risks. Directors also emphasized the important contribution of
an analysis of poverty and social impacts and monitoring of results to ensure that benefits reach
the most vulnerable. Directors looked forward to the transfer of knowledge and experience
gained in the first development policy operation, within the country and internationally.





This summary is not an approved record.