Strengthening Institutional and Technical Capacity for Barbados to meet the transparency requirements of the Paris Agreement The main objective of this project is to strengthen the countryâ€™s transparency framework through the design and implementation of a fully functional and harmonized domestic Monitoring, Reporting and Verification (MRV) system for the effective implementation of the countryâ€™s NDC and other transparency-related activities Note: Disbursement data provided is cumulative and covers disbursement made by the project Agency. With the development of this MRV Transparency system, the capacities of the MENB will improve and foster adequate monitoring, reporting and verification of all data collection related to the climate change agenda. Better MRV and M&amp;E systems allow to follow adequately, ensure ownership and create a culture of data collection, it also avoids duplicating measures with the same impact and identify synergies with other actions or projects. This implies economic savings for the implementers and evaluators of the actions. In addition, institutional coordination procedures will be improved by the registration of measures. The use of an electronic platform will enhance visibility, governance and ensure solid basis for the development of new reports and documents, such as NDC´s, BURs, etc.Finally it will allow Barbados to pursue its ETF commitments under the Paris Agreement which is built upon the current, solid measurement, reporting and verification system under the Convention, the International Consultation and Analysis. The final biennial update reports for developing countries should be submitted no later than 31 December 2024 and will undergo the last ICA cycle between 2024-2026.[1]     Indirect benefits on the mitigation agenda may result in GHG emissions reductions or avoided given the: increase in renewable energy; enhanced energy efficient measures; Increased adoption of innovative technologies and management practices for GHG emission reduction (energy, transport, waste, agriculture, etc.)and carbon sequestration; and Conservation and enhancement of carbon stocks in agriculture, forests and other land uses. In the adaptation agenda, gains could concern: Implementation of the adaptation actions, formulation, implementation, publication and update of national and regional programmes; design and follow up of strategies and measures, policy frameworks (e.g. national adaptation plans) and other relevant documents; implementation of adaptation actions identified in current and past adaptation communications, including efforts towards meeting adaptation needs, as appropriate; implementation of adaptation actions identified in the adaptation component of NDCs, as applicable;and coordination activities and changes in regulation, policies and planning.           [1] Parties under the Paris Agreement are required to submit their first biennial transparency report (BTR1) and national inventory report, if submitted as a stand-alone report, in accordance with the MPGs, at the latest by 31 December 2024. The enhanced transparency framework represents an important component of the ambition cycle in the global climate regime established by the Paris Agreement by building trust and confidence that countries are taking action to meet their national climate targets and actions defined in their NDCs under the Paris Agreement.