AfDB seeks allocation of $13Bln to support climate change action in Africa

AfDB seeks allocation of $13Bln to support climate change action in Africa
AfDB website
Saturday 17 September 2022 - 13:28

African Development Bank (AfDB) President Akinwumi Adesina on Friday announced its will to allocate 13 billion U.S. dollars to support climate change adaptation actions in Africa.

“Climate change is disrupting Africa. There are floods […] and drought […]. We have opened a window, with our donors, to be able to mobilize up to 13 billion US dollars to support climate adaptation actions in Africa,” said Adesina at the 3rd replenishment meeting of the African Development Fund (ADF).

With this project, 20 million farmers will have access to the most efficient technologies that resist climate change and 20 million farmers will also have access to insurance against the adverse effects of climate change,” he said.

There will be 1 million degraded lands renewed and at least 9.6 million people will have access to renewable energy,” he said.

In addition, AKinwumi Adesina welcomed the “good cooperation” between the AfDB and Senegal, marked by the realization of several infrastructures in Dakar and in the interior of the country thanks to financing from the financial institution.

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