Established in 2019, 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 partial portfolio guarantees and technical assistance to public and private sector beneficiaries. The trust fund was developed in partnership with Germany.
The IKI Fund’s initial contributor, Germany, has committed EUR 9 million to finance operations deployed by the trust fund.
The EIB uses donor funds to enhance the development impact of investment projects. The IKI Fund deploys technical assistance and partial portfolio guarantees that provide credit risk protection on a portfolio basis.
Operations eligible for financing under the IKI Fund must be in line with the EIB’s Climate Action eligibility criteria.