The Climate Investment Funds (CIFs) are implemented by the Multilateral Development Banks (MDBs) to bridge the financing and learning gap between international climate change agreements.  

• They were designed by developed and developing countries. The World Bank is the Trustee of the CIFs.  
• It includes a “sunset clause” to ensure that the Fund’s activities do not prejudice the outcome on the UNFCCC negotiations.  

CIFs are two distinct funds  

• Clean Technology Fund  
• Strategic Climate Fund.  

The CTF promotes scaled-up financing for demonstration, deployment and transfer of low carbon technologies with a significant potential for long-term greenhouse gas emissions savings. 

Source: World Bank