In September, ten industrialized countries including the US, Japan and several European donors pledged approximately $6.1 bn to the Climate Investment Funds (CIF). CIFs are a set of financial mechanisms that intend to provide funding to assist developing countries to finance activities to mitigate GHGs and adapt to climate change impacts. The CIFs are being established by the World 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.”
On October 14, the first Partnership Forum will begin to discuss strategic directions, results and possible impacts of the CIFs with various stakeholders. It is critical that the CIFs are used to support the adoption of transformational approaches by developing countries that align development with the challenges of climate change. Success on this agenda is inextricably linked to MDB success in incorporating climate change into their overarching portfolios, particularly in the energy sectors.
Representatives of the various MDBs will gather in Washington for the CIF Partnership Forum to exchange views on these important questions with representatives of civil society.
- Samuel Tumiwa of the Asian Development Bank
- Amal-Lee Amin of the Inter American Development Bank
- Warren Evans of the World Bank (tbc),
- Jon Sohn, Climate Change Capital
- Maria Athena R. Ballesteros, World Resources Institute
- Ilana Solomon, Action Aid
Moderator: Bruce Jenkins (BIC)
- World Bank/IMF Civil Society Policy Forum
- Bank Information Center (BIC)
- World Resources Institute (WRI)