Climate Innovation and Development Fund (partnership with Bloomberg Family Foundation Inc. and the Goldman Sachs Charitable Gift Fund) (CIDF)

Climate Objective
Sectors and Themes
Industry and Infrastructure
Nature-based Solutions and Ecosystem Services
Rural Development
Type of Support Provider
Type of Recipient
Private sector
Fund Size

$25 million

Co-financing Requirement
Application Timeframe

Contact ADB for more information.

Trustee or Administrator
Asian Development Bank
Contact Information

Fund Focal: Maria Joao Pateguana - mpateguana[at]

Fund Team: Jeanette Morales - jmorales[at]

East Asia and Pacific
South Asia

The purpose of the fund is to provide support for sustainable low-carbon economic development in developing countries in South and Southeast Asia by increasing the pace, scale, and ambition of climate solutions and contributing to the clean energy transition.

Support Provider

Bloomberg Family Foundation Inc., Goldman sachs Charitable Gift Fund

Purpose of Support
Project and program implementation
Funding Type
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

ADB will assess and approve proposals for Fund financing in accordance with its procedures for the use of blended concessional finance for private sector projects. 

Eligibility Criteria

Eligible non-sovereign projects in India and Viet Nam will have direct, measurable positive climate-related outcomes (mitigation and/or climate adaptation) that are documented by ADB. The fund will offer grants for high-impact, catalytic projects that demonstrate the need for a portion of concessional financing to reach financial close (i.e., projects that would not proceed solely on a commercial basis). Recipients of grant proceeds will satisfy ADB’s eligibility requirements for nonsovereign operations.

Eligible Countries

Developing countries in South and Souteast Asia

Information on how to
Understand steps to access

Contact ADB for more information. Please note, funding is only available to pre-selected countries. See the eligible countries field for more information.