The Climate Investment Funds (CIF) were established in 2008 to provide scaled-up climate financing to developing countries to initiate transformational change towards a low carbon, climate resilient development. Channelled through the multilateral development banks (MDBs), the CIF encompass two funds: the Clean Technology Fund (CTF) and the Strategic Climate Fund, which includes three targeted programs – the Forest Investment Program (FIP), the Pilot Program for Climate Resilience (PPCR) and the Program for Scaling up Renewable Energy in Low Income Countries (SREP).
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