The £800 million Environmental Transformation Fund International Window (ETF-IW) will support development and poverty reduction through better environmental protection and help poor countries respond to climate change. We want to make the ETF-IW part of a wider multilateral effort and we are working with the World Bank, recipient countries, implementing agencies and key stakeholders on the design of a new multi-donor trust fund.
During this design process, criteria will be agreed to ensure that all the investments made from the fund are sustainable, support poverty reduction and maximise environmental transformation. All investments made from the multi-donor fund will also need to meet the Equator Principles as well as the safeguard standards of the World Bank and the respective implementing agencies.