C40 Cities Finance Facility (CFF)
USAID is helping cities in developing countries to finance infrastructure projects that reduce greenhouse gas emissions and are resilient to weather and climate related impacts. In October 2016, USAID announced a $2.3 million grant to the German Corporation for International Cooperation (GIZ), which implements the C40 Cities Finance Facility (CFF) with the C40 Cities Climate Leadership Group (an association of the world’s megacities). The CFF is currently funded by the German Federal Ministry for Economic Cooperation and Development (BMZ), the Government of the United Kingdom and USAID, with support from the Inter-American Development Bank (IADB). The partnership aims to unlock up to $1 billion for low carbon, climate resilient infrastructure investments in clean water, efficient transportation and secure housing, for example. Current pilot cities include Bogota, Colombia and Mexico City, Mexico, and several other cities will join the initiative this year.
C40 Cities Finance Facility (CFF) Resources:
- C40 Cities Finance Facility (CFF) overview
- C40 Cities Finance Facility (CFF) webpage
- C40 Cities Finance Facility (CFF) press release
- C40 Cities Finance Facility (CFF) fact sheet
Key themes: urban, adaptation, mitigation, climate finance, development donors, infrastructure, partnership, private sector engagement