Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Increased disbursement of Livelihood Empowerment Against Poverty (LEAP) cash grant to mitigate the impact of economic shocks and adjustments. Total of USD 13.6 million disbursed as of June 2023 to 346,019 households.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High vulnerability to endogenous and exogenous shocks since the COVID-19 pandemic, macroeconomic instability, tightening global financial conditions, spillover effects of multiple shocks, high inflation (43.3% in 2023), high public debt (93.3% of GDP in 2022), debt distress, external debt default, high youth unemployment, persistent inequalities, weak financial sector, low agricultural productivity, limited job creation, weak infrastructure, high vulnerability to climate change, limited access and high cost of credit, high share of young NEET, deterioration of security situation, risks of fiscal indiscipline due to election year, potential electoral disputes and violence.

Mitigation Strategies

• Fiscal consolidation efforts, improvements in revenue performance, raising the Monetary Policy Rate (MPR), Domestic Debt Exchange Program (DDEP), IMF's USD 3 billion Extended Credit Facility, reforms for growth and sustainability, improved domestic revenue mobilization, strengthening the financial sector, enhancing performance, compliance, and accountability in the public sector, prudent monetary policy and fiscal discipline, measures to improve economic governance, combating corruption, illicit financial flows and tax evasion, improving the efficiency of tax administration, simplifying business regulation, removing constraints such as corruption, tax system, land and electricity prices, credit access, broadening the tax base, introducing new taxes, exploring tax loopholes, improving tax administration efficiency, completing external debt restructuring, mobilizing more domestic resources, strengthening budgetary allocation to education and energy, improving coordination and sequencing of public sector development initiatives, deepening financial markets, strengthening stakeholder engagement and coordination of development assistance.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events such as floods and droughts

Transition Risks

• Not disclosed

Opportunities

• Renewable energy potential (solar, wind, hydro, biomass)

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 4 (quality education)
• Goal 7 (energy)
• Goal 8 (productivity)
• Goal 9 (infrastructure)

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed