The CIF relies on active collaboration and partnership among multiple stakeholders, including national governments, citizen groups, private sector entities, MDBs, UN agencies, and other development partners. Enabling broad input and transparent communication promotes trust, ownership, and more effective action on the ground. In CIF countries, non-government stakeholders from civil society, the private sector, and indigenous peoples and local communities are engaged through information sharing, consultations, and partnerships.
This mandate has revealed the value these stakeholders can add to CIF investment planning and implementation. These same stakeholder groups participate in CIF governance as Official Observers to the Trust Fund Committees and Sub-Committees. The arrangement is unique to the CIF and demonstrates the vital role stakeholders play in broadening perspectives, supporting transparency, and ensuring efficient use of resources.
In 2016, Official Observers of the CIF and other climate finance stakeholders established the Stakeholder Advisory Network on Climate Finance (SAN). It is a cooperative platform that brings together climate finance actors across major climate funds to promote governance that is inclusive, transparent, and accountable at all levels of decision-making. Through collaboration, research, capacity building, and networking, the SAN aims to strengthen partnerships of non-government stakeholders with climate finance entities to ensure the voices often ignored in development finance are heard.
“Transparency and accountability are necessary for building trust, and the SAN does just that.”