Chapter 5 | PROJECTS CONTRIBUTING TO THE OPEC FUND’S CLIMATE FINANCE
Assessment according to the Joint MDB Methodology for Tracking Climate Finance
The OPEC Fund-financed adaptation activities are linked to this intent. Specific activities funded by the OPEC Fund that address these adaptation needs are included in com- ponent 1, which aims to strengthen the resilience of agri- cultural production systems. The OPEC Fund’s adaptation activities for subcomponent 1.1 assign approximately equal importance to adaptation and development. Therefore, 50 percent of the OPEC Fund’s financing for subcomponent 1.1 has been classified as adaptation finance, amounting to US$5.79 million, or 29 percent of the total OPEC Fund financing for PIPARV-B.
PIPARV-B clearly identifies the adverse impacts of climate change on the agricultural sector. The project has the clear intent to increase resilience to climate change. This is evident in its overall objective to improve the living conditions and resilience of rural populations in central Burundi through an integrated land management approach. The project’s intended objectives emphasize achieving greater resilience of small farmers to external shocks.
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