Forest Investment Program (FIP) of the Climate Investment Funds (CIFs)
The Forest Investment Program (FIP), a program of the Strategic Climate Fund (SCF) of the Climate Investment Funds (CIF), addresses the drivers of deforestation and forest degradation by supporting developing countries’ efforts to reduce deforestation and forest degradation (REDD), while promoting sustainable forest management. FIP provides financing to developing countries for developing institutional capacity, and for public and private investments that are identified through REDD readiness strategies. Along with supporting the public sector, FIP's Private Sector Set Asides (PSSAs) allocate concessional financing to projects that engage the private sector in sustainable forestry. The FIP’s Dedicated Grant Mechanism for Indigenous Peoples and Local Communities (DGM), is designed and led by representatives of indigenous peoples groups and local communities to set priorities and implement programs aimed at conserving their natural environment, and to enhance capacity in engaging with local, national, and international REDD+ dialogue and actions.
Countries are selected by the FIP Sub-Committee and subject to scoping and technical missions. Countries then prepares investment plans which are subject to endorsement by the FIP Sub-Committee. The Sub-Committee then can approve individual projects or programs under the investment plan. The relevant implementing MDB(s) must then approve the projects or programs through their own processes.
The FIP is currently fully committed.
Cumulative pledges: USD 775 million (as of September 2018)
Investment Plan preparation, submission and approval may take up to 2 years.
Project preparation, submission and approval by the FIP sub-committee maximum 2 years.