Climate Investment Funds (CIF) plays a significant role in helping developing countries access the financial resources needed to accelerate climate action and strengthen resilience. Through a structured and country-driven process, CIF enables governments to transform climate ambitions into investment-ready projects that address adaptation, mitigation, and sustainable development priorities. The organization’s approach is centered on catalytic finance, which uses concessional funding to attract larger amounts of investment from public and private sources.
The process begins when CIF issues calls for Expressions of Interest (EoIs), inviting eligible countries to identify and submit their climate priorities in collaboration with multilateral development bank (MDB) partners. These proposals are evaluated by an independent expert group, ensuring that projects align with program objectives and demonstrate strong potential for impact. Final selections are approved through CIF’s governance mechanisms, after which participating countries move to the next phase of developing detailed investment plans.
Once selected, countries work closely with MDB partners to translate national climate and development priorities into concrete, fundable projects. These investment plans serve as roadmaps for implementing initiatives that can strengthen climate resilience, promote clean energy transitions, support sustainable infrastructure, and address other climate-related challenges. The planning process emphasizes country ownership and alignment with national development goals.
