Climate Investment Funds

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The Climate Investment Funds (CIF) were established in 2008 as a multilateral climate fund in order to finance pilot projects in developing countries at the request of the G8 and G20. The CIF administers a collection of programs with a view of helping nations fight the impacts of climate change and accelerate their shift to a low-carbon economy.

Tariye Gbadegesin, a Nigerian-American national, is the current CEO of CIF.^[1] CIF works in partnership with governments, the private sector, civil society, local communities, and six major multilateral development banks (MDBs).^[2]

CIF investments are overseen by a governing board that provides equal authority to donor and recipient countries with input from official observers representing the private sector, civil society, and indigenous peoples.^[3]

CIF consists of two funds; the Clean Technology Fund and the Strategic Climate Fund.