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CIF endorses new carbon, climate resilient development plans for US$372 million

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.

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CTF Trust Fund Committee Meeting Highlights

Pictured from left: Walter Vergara (Division Chief, Climate Change Sustainability, IDB), Sergio Del Campo Fayet (Vice-Minister of Energy, Chile), and Claudio Alatorre (Senior Climate Change Specialist, IDB)

During its meeting on May 3, the CTF Trust Fund Committee endorsed the investment plan for Chile, which was presented by Sergio Del Campo Fayet, Vice-Minister of Energy, Government of Chile. After reviewing the status of CTF operations, the committee also set forth a process for managing projects arising from new investment plans, which will enable Nigeria, India, and Chile to receive CIF funding for a portion of their investment plans. It also agreed on targets to monitor delivery of CTF projects.

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FIP Sub-Committee Meeting Highlights

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.

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Joint SCF-CTF Meeting Discusses Improvements to CIF Operations

The Joint Meeting of the CTF and SCF Trust Fund Committees took place on May 1-2, 2012. Discussions focused on the progress made in implementing the Measures to Improve the Operations of the Climate Investment Funds. Specific items under consideration included enhancement of country coordination and stakeholder engagement, a new communications strategy, improving both private and public sector engagement, and refinement of the CIF result frameworks.

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Highlights of CIF SREP Sub-Committee and SCF Trust Fund Committee Meetings

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.

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2012 CIF Governing Bodies Meeting Kicks Off

The first day of the five day meeting of the Climate Investment Funds governing bodies kicked off today in Washington, D.C. with the PPCR Sub-Committee (SC). Highlights included endorsement of five Strategic Programs for Climate Resilience (SPCRs) for Dominica, Caribbean Regional Track, Kingdom of Tonga and Pacific Regional Track, and Yemen.

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2011 CIF Annual Report Available Now

Titled 'CIF From the ground up - Investing in our green future', the 2011 CIF Annual Report is available online. You can also choose to download and read individual sections from the report.

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The Climate Investment Funds are a pair of funds to help developing countries pilot low-emissions and climate-resilient development. With CIF support, 46 developing countries are piloting transformations in clean technology, sustainable management of forests, increased energy access through renewable energy, and climate-resilient development.

Watch an Introduction to the CIF

The CIF are channeled through the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, and World Bank Group.

Click here for a timeline on the development of the CIF.

Recent CIF Decisions

These are decisions taken by the CIF governing bodies. You can sort the list by approved date. To view the pending decisions, click on the respective programs - Clean Technology Fund (CTF), Forest Investment Program (FIP), Pilot Program for Climate Resilience (PPCR), Scaling Up Renewable Energy in Low-Income Countries Program (SREP), Strategic Climate Fund (SCF)

Program	Document	Country	Date
PPCR	Approval of PPCR funding for Baixo Limpopo Irrigation and Climate Resilience Project for Mozambique (AfDB)	Mozambique	05/11/2012
PPCR	Approval of PPCR funding for Climate Change Technical Assistance Project for Mozambique (IBRD)	Mozambique	05/11/2012
PPCR	Approval of PPCR funding for Building Capacity for Climate Resilience Project for Tajikistan (ADB)	Tajikistan	04/03/2012
CTF	Approval of CTF funding for preparation of Global Climate Partnership Fund - EE/RE Investment Program for Indonesia (ADB)	Indonesia	03/28/2012
CTF	Approval of CTF funding for Novoazovsk Wind Project for Ukraine (EBRD)	Ukraine	03/19/2012