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CIF Annual Report 2018

Welcome to the AfDB-CIF 2018 Annual Report.

2018 marks the 10th anniversary of the Climate Investment Funds (CIF).

Ten years after its creation, CIF has delivered on its founding ambition to channel unparalleled levels of climate finance to developing countries. Over 300 CIF investments across 72 countries worldwide are supporting 26.5 GW in new clean power capacity, improved energy access for over 8.5 million people and 300,000 businesses, greater climate resilience for 45 million people and 44,000 businesses, and 36 million hectares of more sustainable forests.

In Africa, the African Development Bank continues to act as a CIF implementing entity and partner of choice, advancing a growing portfolio of projects in renewable energy, forestry, and resilience solutions.

In this report, we invite you to explore developments and results in the AfDB-CIF portfolio.

The report also provides access to important knowledge achieved during the year and presents the major activities planned for the 2019.

We hope this report offers you new highlights of AfDB’s work in expanding Africa’s access to climate financing through the CIF and support for Africa’s transformations in clean technology, sustainable management of forests, increased energy access though renewable energy, and climate-resilient development.

Full CIF annual report 2018