BROAD-BASED AND INCLUSIVE GOVERNANCE
The Climate Investment Funds (CIF) was established in 2008 following a multi-stakeholder design process. It embodies a model of equitable governance that fosters dialogue, partnership, and transparent decision making. Arrangements include
- Equal representation of donor and recipient countries,
- Consensus decision making, and
- Active observer status for private sector, civil society, and indigenous peoples’ representatives.
TRUST FUND COMMITTEE STRUCTURE
The two trust funds that comprise CIF, the Clean Technology Fund (CTF) and Strategic Climate Fund (SCF), are each governed by a Trust Fund Committee that oversees and decides on strategic direction, operations, and other activities, as well as the policies that drive those activities.
The SCF further designates three Technical Committees to govern its targeted programs: the Forest Investment Program (FIP), Pilot Program for Climate Resilience (PPCR), Scaling Up Renewable Energy Program in Low Income Countries (SREP); and a Sub-Committee to govern its new Programs. Further a sub-Committee, Global Climate Action Programs (GCAP) Sub-Committee is designated to govern its new Programs, Nature, People and Climate (NPC) and Renewable Energy Integration (REI).
GOVERNANCE STRUCTURE
ROLES AND RESPONSIBILITIES
Equal numbers of representatives from contributor and recipient countries serve as decision-making members of CIF Trust Fund Committees, Sub-Committee and Technical Committees. Official Observers from stakeholder groups also have an important voice, advocating on behalf of their constituents and driving increased transparency and the efficient use of CIF’s resources.
The Multilateral Development Banks (MDB) Committees, IBRD as Trustee, and the CIF Administrative Unit support the work of the governing bodies by providing strategic policy guidance and recommendations; leading CIF knowledge, learning, and communications; reporting on operational, financial, and administrative matters; facilitating meetings; and through other services.
ACCOUNTABILITY, OPENNESS AND INTEGRITY
All CIF projects and programs are implemented by partner MDBs, and CIF relies on their well-established transparency and accountability mechanisms.
CIF is part of the International Aid Transparency Initiative (IATI), a global open data initiative that unites organizations working on international development, ranging from government donors to regional NGOs, foundations, and trusts. CIF endorses the principles of IATA to report funding data in accordance with the IATA common standard.
