In 2014, Transparency International published its report Protecting Climate Finance: An Anti-Corruption Assessment of the Adaptation Fund. The assessment reviewed the Fund’s governance design and transparency, accountability, and integrity policies and procedures with a view to identifying and promoting best practice models for climate finance. The Assessment recognised a number of best practices exhibited by the Adaptation Fund, including its direct access, fiduciary, access to information and public participation policies. It also recommended areas where the Fund’s policies and practices could be strengthened. This Progress Report follows-up on those recommendations to recognise progress achieved by the Fund’s Board and Secretariat. Additionally, it includes an assessment and rating of three new indicators regarding the Fund’s access to information, anti-money laundering and procurement safeguards policies and practices.
Note: A version of this report with revised formatting was uploaded on 1 March 2017.