This document published by the Inter-American Development Bank (IDB) analyzes the initiatives launched by the governments of Argentina, Costa Rica and Colombia to incorporate climate criteria in public investment management (PIM) and seeks to systematize the lessons learned.

The analysis of the three case studies is focused in five key dimensions of PIM: i) planning, ii) coordination between entities, iii) project evaluation and selection, iv) the budget of the project portfolio, and v) risk management.

The authors highlight the need for standardized information at the project level and regulatory adjustments to facilitate the inclusion of climate criteria in the project cycle. Finally, they conclude that the integration of climate action into public investment systems is a gradual process that requires coordination, information and regulatory adjustments to achieve climate resilient investments in the Latin American and Caribbean region.