Oct 03, 2019
PRAGUE—A CIF-commissioned independent evaluation received the First Prize Award for Influence at the International Development Evaluation Association’s (IDEAS) 2019 Award Competition in Prague. The winning publication, Evaluation of Transformational Change in the Climate Investment Funds, was conducted in partnership with global consulting firm Itad and concluded that CIF’s approach to climate finance is unique among peer institutions and drives fundamental change in how countries tackle climate change.
The IDEAS Awards recognize “outstanding evaluations of development interventions that promote or result in transformational change and are explicitly linked to the Sustainable Development Goals.”
IDEAS is the only global professional evaluation association focusing on international sustainable development. The IDEAS Global Assembly regularly convenes evaluation leaders and practitioners from across the development community to discuss the latest trends in development-related evaluation programming.
Itad’s evaluation is part of the Transformational Change Learning Partnership (TCLP), established by the CIF’s Evaluation and Learning Initiative. According to its analysis, CIF financing has sparked increased private sector investment in climate change mitigation and clean energy, and has helped mainstream climate change into national priorities, planning and institutions. These studies highlight the importance of bringing strategic, timely solutions to address challenges.
The TCLP is a collaborative, evidence-based learning process on transformational change that brings together practitioners from diverse organizations and backgrounds—both within the CIF community and the broader climate finance sector—for joint learning aimed at increasing the transformational impact of climate action. Members of this learning partnership include representatives from multilateral development banks, CIF donor and recipient countries, CIF observers, climate finance institutions, think tanks, universities, and philanthropic organizations.
About CIF
Marking more than ten years of climate action, the $8.3 billion Climate Investment Funds is the largest multilateral climate financing instrument in the world. CIF provides developing countries financing for climate-resilient and low-carbon development. These grants, concessional loans, risk mitigation instruments, and equity leverage significant financing from the private sector, multilateral development banks (MDBs), and other sources. Five MDBs—the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), and World Bank Group (WBG)—implement CIF-funded projects and programs.
Media contact
Scott Vincent Andrews
E: sandrews3@worldbank.org
T: +1 (202) 458-9562
