Timeline: Jan 2024 – Jan 2025
Budget: USD 765,000,000 budget across 19 countries (GCF funding of USD 254 million was approved, USD 510 million of additional capital in progress).
Project brief:
The Infrastructure Climate Resilient Fund (ICRF), supported by the Green Climate Fund (GCF), targets multiple sub-Saharan African countries, including Cameroon, to enhance investments in climate-resilient infrastructure. The project addresses financial barriers by providing USD 240 million in junior equity, catalysing private sector and pension fund investments. The fund aims to develop 20–40 infrastructure assets, benefiting up to 50 million people directly and 144 million indirectly through improved resilience against climate hazards.