ADB Forum Spotlights Climate Investment Funds

The Asian Development Bank has welcomed global warming experts and top government officials from around the world for a five-day climate investment forum.

The event, which ends March 19, aims to review the impact of the Climate Investment Funds and discuss how developing countries can have a larger participation in CIF efforts.

“The Climate Investment Funds were designed to bridge the gap between developed and developing countries for climate change funding and knowledge,” Ursula Schaefer-Preuss, ADB vice-president for knowledge management and sustainable development, said in a press release. “While the new, post-2012 financial architecture is being negotiated, the CIF can continue to provide critical interim funding.”

ADB is co-managing the fund with several multilateral agencies including the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank and World Bank. 

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.