Established in 2019 in partnership with the government of Germany, the International Climate Initiative (IKI) Fund aims to catalyse investment for ambitious climate change mitigation and adaptation projects in developing and emerging countries. The IKI Fund seeks to do this by providing investment grants, financial instruments and technical assistance to public and private sector beneficiaries, as well as advisory services to central banks and financial institutions. It currently supports four initiatives funded by the International Climate Initiative: the Green Transition Facility Jordan, the Universal Green Energy Access Programme, the Greening Financial Systems Programme, and the Renewable Energy Solutions Programme.

The IKI Fund supports ambitious climate action projects in developing and emerging economies.

Donor funds committed

Donor financing approved

Operations

Total investment supported

The IKI Fund's initial donor,   Germany, has committed €57 million to finance operations deployed by the trust fund.

Donor-financed operations through our trust funds make a direct contribution to several of the UN’s Sustainable Development Goals (SDGs). Our collective actions unlock billions of euros in investment to combat climate change, eradicate poverty and fight inequality. These are some of the global goals targeted by our trust fund.

The EIB uses donor funds to enhance the development impact of investment projects. The IKI Fund deploys investment grants and technical assistance supporting preparation and implementation of investments, as well as advisory services to central banks and financial institutions to contribute to greener financial systems. The Fund may also offer financial instruments such as partial portfolio guarantees that provide credit risk protection on a portfolio basis, and investments in junior tranches of layered funds crowding in private investors.

Operations eligible for financing under the IKI Fund must be in line with the EIB’s Climate Action eligibility criteria.