Climate Investment Fund for Pakistan (CIFPAK)
Description
CIFPAK will mobilise private climate finance to support Pakistan’s green growth and climate resilience ambitions. Currently the 8th most climate vulnerable country in the world, the World Bank estimates that Pakistan will require US$348 billion of investment to become climate resilient and make the transition to a low-carbon economy by 2030. CIFPAK aims to crowd in private climate finance using a blended finance approach (public/private, concessional/non-concessional), supported by targeted technical assistance. It will have a specific focus on mobilising private investment for climate adaptation. The programme will support delivery of Pakistan’s National Adaptation Plan and also aims to deepen Pakistan’s capital markets. Programme’s approved budget is £108m (£70m fiscal CDEL and £38m RDEL) over seven years (April 2024 – March 2031).
Location
The country, countries or regions that benefit from this Programme.
Status Implementation
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Participating Organisation(s)
Help with participating organisations
Accountable:Organisation responsible for oversight of the activity
Extending: Organisation that manages the budget on behalf of the funding organisation.
Funding: Organisation which provides funds.
Implementing: Organisations implementing the activity.
- Accountable
- Funding
Sectors
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
Budget
A comparison across financial years of forecast budget and spend to date on the Programme.
Policy Marker(s)
ODA measures in relation to their realisation of OECD development policy objectives
Download IATI Data for GB-GOV-1-301242