The CIF is distinguished by a uniquely broad-based and inclusive governance structure. The CTF and the SCF Trust Funds are each governed by a Trust Fund Committee. The SCF further designates Sub-Committees to govern each of its three-targeted programs: the Pilot Program for Climate Resilience (PPCR), the Forest Investment Program (FIP), and the Scaling-Up Renewable Energy in Low Income Countries Program (SREP). Each Trust Fund Committee and Sub-Committee is composed of equal representation from contributor and recipient countries. The CIF Administrative Unit, MDB Committee, and Trustee support the work of both Trust Funds.
Multilateral Development Banks
A key feature of CIF programming is the role of the MDBs. The largest development organizations in the world, the MDBs offer grants and highly concessional financing as well as extensive technical knowledge and experience in project design and implementation. The MDBs disburse CIF resources to support effective and flexible implementation of country-led programs and investments. For the CIF, MDB involvement helps mitigate risk and encourages other actors to participate, thereby facilitating the mobilization of co-financing and harmonization of policy support. The CIF leverages financing not only from the MDBs themselves, but also from other development actors (including UN agencies and bilateral development agencies) and the private sector, thereby demonstrating the potential of scaled-up, blended development financing. CIF implementing MDBs include the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank and World Bank Group. Additional information on climage change and the World Bank can be found here.
The MDB Committee of the CIF was established to facilitate collaboration, coordination, and information exchange among the MDBs. The MDB Committee comprises representatives of the MDBs and is responsible for:
- serving as a forum to ensure effective operational coordination and exchange of information;
- reviewing provisional agendas, documents, and recommendations proposed by the Administrative Unit on program criteria and priorities;
- monitoring progress in implementing programs and reporting to the CIF Trust Fund Committees on compliance with approved policies;
- reviewing a draft annual report on CIF activities, performance, and lessons-learned, which includes details of the CIF’s portfolio, status of implementation, funding allocations for the previous period, pipeline of projects and funding projections, administrative costs incurred, and other pertinent information.
The Administrative Unit facilitates the work of the CIF. It is housed in the World Bank Group’s Washington, D.C. offices and comprises a small professional and administrative staff. The CIF Administrative Unit is responsible for:
- preparing, in consultation with the MDB Committee, provisional agendas, documents, and recommendations on program criteria and priorities, and overseeing the activity cycle for approval by the CIF Trust Fund Committees;
- managing partnerships and stakeholder engagement including convening meetings of the MDB Committee and servicing stakeholders at the governance level;
- servicing the meetings of the Trust Fund Committees and Observers;
- managing a comprehensive database of the Clean Technology Fund and Strategic Climate Fund’s activities, knowledge management system, results measurements system, and learning program;
- preparing an annual consolidated report on the Trust Funds’ activities, performance, and lessons-learned.
The International Bank for Reconstruction and Development (IBRD) of the World Bank Group serves as the Trustee for the CIF. In this capacity, IBRD established both the CTF and SCF to receive donor contributions. As a legal owner and administrator, the Trustee holds in trust the funds, assets, and receipts that constitute the CTF and SCF, pursuant to the terms entered into with the contributors.
With the approval of the Trust Fund Committees, the Trustee makes commitments and transfers of CIF resources to the MDBs. Regular reports on the financial status of the Trust Funds are provided by the Trustee to the CTF and SCF Trust Fund Committees. The Trustee is accountable to the Trust Fund Committees for its performance.
The CIF governing structure represents a unique model for multistakeholder engagement. Stakeholders are invited to participate in meetings of the Trust Fund Committees and Sub-Committees as Observers in order to help promote sound and transparent decision making, efficient use of resources, and complementarily with other sources of financing. Observers are drawn from CSOs, the private sector, and indigenous peoples’ groups. Representatives from organizations such as the Green Climate Fund (GCF), Global Environment Facility (GEF), United Nations Framework Convention on Climate Change (UNFCCC), United Nations Development Program (UNDP), and United Nations Environment Program (UNEP) are also invited to observe meetings. Additionally, any Member of any SCF Sub-Committee who is not a Member of the SCF Trust Fund Committee is invited to observe SCF Trust Fund Committee meetings.