Clean Technology Fund (CTF) of Climate Investment Funds (CIFs)
The USD 5.5 billion CTF was established in 2008 to provide emerging economies with scaled-up financing (loans, subordinated debt, equity investments, guarantees and grants), through six partner MDBs, to contribute to the demonstration, deployment, and transfer of low-carbon technologies with a significant potential for long-term greenhouse gas (GHG) emission savings. As the only mitigation-focused multilateral fund built around the operating model of the MDBs, CTF’s MDB-collective model is designed to take full advantage of MDBs’ key strengths, as well as their ability to leverage capital to attract large volumes of finance from both public and private sources. Some of its key features include its ability to provide resources at scale, emphasis on private sector engagement, innovative financial instruments and a flexible programmatic approach.
Cumulative pledges: USD 5.5 billion. All funds have been fully committed.
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.