Asia Pacific Climate Finance Fund (ACliFF)

Climate Objective
Sectors and Themes
Disaster Risk Reduction
Industry and Infrastructure
Nature-based Solutions and Ecosystem Services
Oceans and Coasts
Rural Development
Type of Support Provider
Type of Recipient
Public entity at the national level
Private sector
Fund Size

$33.3 million

Co-financing Requirement
Application Timeframe

Applications may be reviewed in batches. Contact ADB for more information.

Trustee or Administrator
Asian Development Bank (ADB)
Contact Information

Fund Focal: Charlotte Maynard - cbenson[at]

Fund Team: Ma. Cecilia Gomez - cgomez.consultant[at]

East Asia and Pacific
Europe and Central Asia
South Asia

The Asia-Pacific Climate Finance Fund (ACliFF) is a multi-donor trust fund established in April 2017. The fund supports the development and implementation of financial risk management products that can help unlock capital for climate investments and improve resilience to the impact of climate change in ADB developing members. It supports the identification, development, and implementation of financial risk management products wholly or partially focused on climate change mitigation, adaptation and/or disaster risk management.

Support Provider


Purpose of Support
Strengthening enabling environments and stakeholder capacity
Project and program implementation
Funding Type
In-kind contributions
Monitoring and Reporting Procedures

Project implementation, supervision, and monitoring will be conducted by user departments following ADB’s standard policies, procedures, and guidelines.

Organizational and Decision Making Structure

Applications for funding will be forwarded to all partners for their No Objection.

ADB's Climate Change Steering Committee (CCSC) reviews and approves all fund applications.

Eligibility Criteria

All ADB DMCs are eligible to access the fund. Projects may be initiated by ADB (with ADB participation) or by third-parties (without ADB participation). Proposed projects and financial risk management products to be supported by the Fund will be assessed C against the following eligibility criteria:

(a) contribution of supported development projects to climate mitigation or climate and disaster resilience, taking into consideration alignment with national climate strategies, plans, and priorities, including the nationally determined contributions (NDCs);

(b)  extent to which the supported projects or risk management product will benefit poor and climate vulnerable populations and address gender specific vulnerabilities;

(c) degree to which the supported project or risk management product can attract additional financing from other sources, including from the private sector;

(d) complementary with international initiatives, such as InsuResilience Global Partnership and the NDC Partnership.

(e) feasibility and ease of implementation;

(f) efficacy, efficiency and impact;

(g) scalability, replicability and sustainability across DMCs;

(h) interest from the potential uptake by, commercial financial risk management product providers,e.g. insurance an reinsurance industry, guarantee companies and financial institutions;

(i) degree of innovation in terms of development and implementation of financial risk management products;

(j) support and encouragement for the uptake of high-level technologies; and

(k) extent to which the products fill a gap in the market and do not contribute to market distortion

Eligible Countries

All ADB developing member countries are eligible to receive support from the fund.

Information on how to

Contact ADB for more information.