Evaluation of the Development Impacts of Climate Finance in the Climate Investment Funds

The evaluation study supports the Climate Investment Funds (CIF) Evaluation & Learning (E&L) Initiative in understanding the development impacts of its climate finance contributions. CIF stakeholders have recently emphasised the need to better assess and document the contributions that CIF’s climate programs are making to national social and economic development objectives and the UN’s Sustainable Development Goals (SDGs).

The project team will assess the social and economic development impacts linked to CIF-provided climate finance, using a combination of quantitative and qualitative methods. The analysis is expected to inform CIF about the co-benefits of these contributions, including, for instance, job creation, increased economic activity, and gender equality impacts. It includes three levels of evaluative activities: secondary information review, portfolio characterization, and country/project level case studies. In particular, the case studies aim to generate new evidence and learning on the development impacts of climate projects based on key informant interviews and contribution analysis. The case study evaluations included projects in countries such as Bangladesh, Brazil, India, Indonesia, Kenya, Morocco, Nepal and Turkey, among others.