The World Bank will be announcing early next year a number of climate change related projects that will be funded by $6.1 billion from the Climate Investment Fund (CIF). The CIF is a set of funds created by the United States and nine other wealthy nations that will help bring low carbon technologies and other climate change projects to the rest of the world. Katherine Sierra, VP of the World Bank’s Sustainable Development Network, said, "We would be open to the most innovative, lower-carbon technologies — for example, IGCC [integrated combined cycle gasification] power plants — when these are associated with getting a country ready for carbon capture and storage."