Modalities and procedures for financing results‐based actions on REDD+ Views submitted by the World Bank Group

The World Bank Group appreciates the opportunity to contribute to Partiesí important work underdecision  ‐/CP.17 on the Outcome of the work of the Ad Hoc Working Group on Long‐term CooperativeAction under the Convention, matters referred to in paragraph 69 inviting views on modalities andprocedures for financing results‐based actions and considering activities related to decision 1/CP.16,paragraphs 68‐70 and 72.This submission draws from insights and lessons derived from the World Bank Groupís carbon financeexperience across many different types of projects, programs and sectors around the world over thepast decade including in the land use sector. It is hoped that this submission will be constructive input toPartiesí deliberations.   The World Bank Group would be pleased to elaborate further and contribute tothis important work as needed.The submission is divided into two parts: (i) our key insights from experience with financing results‐based actions; and (ii) recommendations for the Partiesí consideration.