Today’s AfDB CIF portfolio contains 39 policy-based Investment Plans in various stages of preparation and development. Of these, 21 contain a total of 41 projects going through the range of development from preparation to implementation.

Of the 17 projects already approved and underway, 8 are in renewables for middle- and low-income countries, 5 address resilience and adaptation, and 4 address renewal of the forest sector. But as countries work to carry out these urgent innovations, they must also align this work with new and shifting climate and sustainable development commitments. AfDB’s CIF support must now also embrace:

• NDC capacity building: Helping countries fulfill their Nationally Determined Contributions (NDCs) under the Paris Agreement, including accounting, institutional, and regulatory questions.
• Balancing climate change modalities: Ensuring African countries successfully balance mitigation and adaptation in their climate responses.
• Effective use of climate finance channels: Helping countries maneuver among various climate funding sources, including the private sector, to engage climate finance to support their CIF-based operations.

To support countries’ shifting commitments, a number of the newer CIF Investment Plans are being designed in a manner flexible enough to allow the pilot countries to seek project support from other climate finance sources, if no CIF operational money is identified. In addition, AfDB is analyzing how best to incorporate true support for pilot countries to take account of their redefined commitments.

Report by the AfDB