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Jun 10, 2025
2024 was a year of positive shifts and changes, of thinking big, and of making history.
We welcomed a new CEO, Tariye Gbadegesin in March. In November, the CIF Capital Markets Mechanism (CCMM) was listed on the London Stock Exchange, marking the first time that a multilateral climate fund will use international financial markets to grow its funding.
We endorsed $860 million in new investments to transform energy systems, reduce dependence on fuel imports, and deploy nature-based solutions, all of which are expected to mobilize billions of dollars more from both the public and private sectors.
And we systematically assessed the outcomes our programs have achieved to date – from country-level impacts on forest protection, resilience-building, and energy access, to cumulative results, such as enhancing resilience for 68 million people in some of the world's most vulnerable places and bringing over 37 million hectares of land under sustainable management.
As CIF CEO, Tariye Gbadegesin, says in her foreword, CIF exists to be "agile and responsive, moving first so that others can follow at scale. We exist to open up once-in-a-generation opportunities and redefine what is possible."
From learning with our country partners to taking stock of years long investment plans, for CIF, 2024 was all about “Shifting Gears”.