Report on developing and operationalizing an analytical framework for integrating climate risks into the process of investment planning and management of the EN water resources. Such analytical framework for Climate Risk Assessment (CRA) could be used to guide water related investment in the Eastern Nile and form the basis for climate screening for investment project and provide guidance to the development of climate smart strategies. It concludes that (1) in general, the main risk from climate change stems from the possibility of over-design of a dam project or an irrigation project by overestimating the availability of water in the future - which may result in the project being not economically justifiable; (2) a Climate-Smart Master Plan will prioritize having more than one medium to small dams in time, over one big dam built now, since more precise knowledge about climate change will be available later; (3) climate change could have significant impacts on hydropower generation and agriculture in Egypt, but hydropower generation in Rosaries and irrigation in Sudan are not as sensitive to climate change, primarily due to location; and (4) four regional institutions should be established, affiliated with ENTRO, to enhance the capacity of the region to adapt to climate change: (i) Eastern Nile Irrigation management Information System (ENIIS); (ii) Eastern Nile watershed Observatory for Climate change Detection (ENOCD); (iii) Eastern Nile Centre for Regional Climate Prediction (ENCRCP); and (iv) Eastern Nile Carbon Trade Centre (ENCTC).