Fiscal Policy for Climate Change: Support to the Ministry of Finance of Chile

This Technical Cooperation (TC) aims to support the Chilean Ministry of Finance (MH) in the development of tools that promote the integration of climate action in its fiscal policy and management, mainly through the development of two tools: the definition of the structural elements for the elaboration of a Classification System of Environmentally Sustainable Economic Activities of Chile ("Taxonomy"); the implementation of a compensation system within the framework of the green tax (SCIV); and the development of energy efficiency levels for the implementation of a new tax on emissions.

Project Detail

Country

Chile

Project Number

CH-T1305

Approval Date

September 26, 2023

Project Status

Implementation

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental Classification

Total Cost

USD 1,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 1,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/FC-20357-CH	Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024	Sep. 26, 2023	Fostering Fiscal Policy for Climate	Nonreimbursable

Operation Number

ATN/FC-20357-CH

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date: Sep. 26, 2023
Fund: Fostering Fiscal Policy for Climate
Financial Instrument: Nonreimbursable

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000769-1868439044-27

TC Document

Documento de CT - Divulgacion_2315.pdf

Sep. 26, 2023

English