Towards a climate-smart Africa - The AfDB and CIF partnership - November 2022

The African Development Bank plays an important role as a CIF implementing entity, advancing a growing portfolio of projects in renewable energy, forestry, and resilience solutions in Africa.

With CIF support, the Bank currently nances 39 investment plans in 27 countries and 1 region to transform their economies through renewables, sustainable transport, climate resilience and sustainable forest solutions.

As of October 2022, the African Development Bank had 34 CIF projects approved for $ 2.939 billion (AfDB $1.993 billion, CIF $0.946 billion). The CIFs four programs are: Clean Technology Fund (CTF) Scaling Up Renewable Energy Program in Low Income Countries (SREP) Forest Investment Program (FIP) Pilot Program for Climate Resilience (PPCR).