Free Memorandum of Understanding Template 28Free Memorandum of Understanding Template 28Free Memorandum of Understanding Template 28
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Memorandum of Understanding
Between
The World Bank
and
[Country]

Memorandum of Understanding
Between
The World Bank and [COUNTRY]
[COUNTRY] and the International Bank for Reconstruction and Development (the “World
Bank”) understand that the Kyoto Protocol to the United Nations Framework Convention
on Climate Change (the “UNFCCC”) aims to impose commitments to reduce emissions
of greenhouse gases on those countries listed in Annex B to the Protocol. They are aware
that the Protocol envisages that countries listed in Annex B might meet a proportion of
their greenhouse gas reduction commitments through projects implemented in another
country (a “Host Country”) through so-called “joint implementation” projects under
Article 6 of the Protocol or under the Clean Development Mechanism defined by Article
12 of the Protocol. They also appreciate that both Articles 6 and 12 envisage the
participation of both the public and private sectors in these activities.
The Executive Directors of the Wor