Climate Investment Funds

Climate Investment Funds
Funding Source	Multi-lateral banks (Word Bank, AfDB, AsDB, EBRD, IDB)
Focal Sector/s	All sectors
Nature of disbursement	Loan, grant
Cofinancing	Yes
Eligible Region	Asia-Pacific, Africa, SIDS, South and Central America, Europe
Summary Note	The CIFs are being established by the Bank jointly with the Regional Development Banks (AfDB, AsDB, EBRD, and IDB) to promote international cooperation on climate change and support progress towards the future of the climate change regime. The CIFs consist of the Clean Technology Fund (CTF) and the Strategic Climate Fund (SCF). The SCF will provide financing to pilot new development approaches or to scale-up activities aimed at a specific climate change challenge through targeted programs. The first program to be included in the SCF would pilot national level actions for enhancing climate resilience in a few highly vulnerable countries
Examples	Bangladesh was one of the three countries for which the Pilot Program on Climate Resilience (PPCR) was approved. The country will receive a total of US$50 million in grant and US$60 million in near zero-interest credits to pilot climate resilience strategies
Contact details for further information	Climate Investment Funds Admin Unit The World Bank Group 1818 H Street NW Washington, D.C. 20433 Email: CIFAdminUnit@worldbank.org Phone: (202) 458-1801
Relevant websites	Climate Investment Funds Additional information