CIF at a glance
The African Development Bank (AfDB) is an implementing agency of the Climate Investment Funds (CIF), one of the largest fast-tracked climate financing instruments in the world (USD 8 billion).
The CIF are designed to channel scaled up financing—in the form of grants, concessional loans and risk mitigation instruments—to developing countries through multilateral development banks (MDB), including the AfDB. The aim is to blend funding for climate solutions with other MDB, national, and private sector development resources, thereby leveraging substantial additional funds.
By supporting CIF implementation in Africa and adding its own substantial co-financing, the AfDB hopes to inspire investor confidence in the continent and generate even more financing for clean energy and climate compatible development.
- 13/01/2017 - Swedish firm wins AfDB contract to develop market-friendly Adaptation Benefit Mechanism for climate resilience
- 12/01/2017 - Burkina Faso wins $4-million loan to invest in farmers’ cooperatives to revive sustainable cashew market
- 14/12/2016 - Niger: strengthening climate change resilience
- 02/12/2016 - Climate finance mobilization required to strengthen NDC ambition, says new report
- 17/11/2016 - Africa’s renewable energy revolution must engage public and private financing partners to break down economic, political and social risks, experts agree