UNDP-GEF International Waters Performance Report 2007 - 2008/Other Financing and Leveraged Resources

From WaterWiki.net

Of the 25 IW projects reporting to the 2007-08 PIR, 15 had reached the stage of MTE, FE and/or operational closure as shown below in the table. 13 of 15 or 87% of these projects reported additional co-finance mobilization since CEO endorsement of the projects. No project reported realized co-finance less than the amount at CEO endorsement (e.g. two realized the identical amount). On (arithmetic) average, projects at this stage mobilized an additional 94% of co-finance on top of the levels identified at CEO endorsement. On average (arithmetic), projects mobilized an additional $11.5 m. in co-finance since CEO endorsement. The high level of additionally leveraged co-finance reflects a number of factors, including strong interest from a number of multilateral and bilateral donors in supporting improved transboundary waters governance, strong government commitment through enhanced contributions to projects, effective donor dialogue and liaison by project managers, and the natural ‘leveraging’ effect for SAP implementation projects whereby all new and additional commitments – both towards governance reform but also often sizeable environmental and water resources investments – can be counted as additional co-finance.