Role of Climate Finance in Accelerating Green & Resilient Recovery

This report aims to synthesize lessons on the potential role of technical assistance (TA) in supporting holistic responses to global crises, and is based on green and resilient recovery activities supported by the Climate Investment Funds’ Technical Assistance Facility (CIF-TAF) in response to the COVID-19 pandemic. In December 2020, the CIF-TAF, with support from the governments of the UK, the Netherlands, and Switzerland, launched the CIF-TAF COVID-19 Technical Assistance Response Initiative for Green and Climate Resilient Recovery to provide US$24.3 million in rapid emergency funding to developing countries in response to the COVID-19 pandemic. Through 40 funded projects carried out by CIF’s multilateral development bank (MDB) implementing partners, these activities aimed to address immediate needs, as well as key barriers to green recovery, by providing non-lending or analytical support to encourage enabling environment reforms, policy enhancement, investment lending, knowledge sharing, and operational support to MDBs.