Two regional and five national investment plans under the four CIF programs were endorsed by the Climate Investment Fund (CIF) at the CIF Governance Committee Meetings which were held in Washington, D.C. from April 30 to May 4, 2012. These resources will provide access to over US$372 million in grants and concessional loans to address climate change challenges.

At its meeting on May 4, the FIP Sub-Committee endorsed the investment plan for Brazil and received updates on the investment plans for Indonesia and Ghana, which are currently under preparation. Participants also agreed to continue exploring options for allocating fundint under the FIP reserve, with a view towards encouraging innovative projects and private sector involvement.

During its meeting on May 1, the SREP Sub-Committee reviewed the status of program operations, confirmed the endorsement of the investment plan for Ethiopia, and endorsed the revised SREP Results Framework. The afternoon meeting of the SCF Trust Fund Committee subsequently approved the endorsed SREP Results Framework and discussed the progress of the three targeted programs under SCF.