What is CIP?
The Climate Investment Prorgam is a plan to mobilize and leverage finance for climate resilience in key economic sectors of the Kyrgyz Republic, from a variety of sources, including PPCR, other climate finance mechanisms, such as the Green Climate Fund (GCF), Global Environment Facility (GEF), MDB finance and development partners.In 2015, the Climate Investment Fund (CIF) supported the initiative of the Government of the Kyrgyz Republic to participate in the Pilot Program for Climate Resilience (PPCR). Since May 2015, the Government of the Kyrgyz Republic has been developing a Strategic Programme for Climate Resilience (SPCR) through a consultative process, which is referred to as the Climate Investment Programme (CIP).
This process has been supported by the European Bank for Reconstruction and Development (EBRD) in its role as the lead Multilateral Development Bank (MDB) for the PPCR Phase I activities, jointly with the World Bank (WB) and the Asian Development Bank (ADB). A wide range of stakeholders have been involved in the development of the CIP investment components, including government agencies, private sector, academia and development partners, as well as non-governmental organisations (NGOs) and local communities, in order to harmonize the CIP with the existing national development strategies.
The overall objective of the CIP is to serve as an operational framework for managing access to climate finance in the Kyrgyz Republic, while mainstreaming climate resilience and promoting synergies in responding to the various climate risks affecting the country.
With the support received by the CIF, the Government of the Kyrgyz Republic has been establishing appropriate institutional arrangements to coordinate climate finance issues in the country. A Climate Finance Centre (CFC) was established on 14 August 2017 as the Secretariat of the Climate Finance Coordination Mechanism. The CFC has been appointed as the lead institution in charge of climate finance-related matters in the Kyrgyz Republic. In addition to attracting financial resources from climate funds and international organizations, and supporting design and implementation of climate resilience investment projects and programme, the CFC is tasked with coordinating activities with all relevant stakeholders on climate change.
The CIP is intended as a participatory, living investment plan that can evolve according to national priorities and stakeholders’ interests over time. The CIP will enable the Government of the Kyrgyz Republic to deliver an ongoing sustainable process for developing and managing investment components for climate resilience. All identified programme components should be further developed and maintained by the CFC, as the organization responsible for climate finance in the Kyrgyz Republic.