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Africa Finance Corporation and Green Climate Fund launch $690 million climate facility
Original: Africa Finance Corporation And Green Climate Fund Launch US$690 Million Africa Sovereign Climate Facility
The Africa Finance Corporation and the Green Climate Fund have launched the Africa Sovereign Climate Facility, a $690 million initiative aimed at supporting African governments in financing climate adaptation and mitigation projects. The facility is designed to help sovereign states access climate funding at scale. The announcement is drawing attention as African nations seek larger shares of global climate finance.
Why now: The new $690 million facility addresses growing demand for climate finance for African sovereigns ahead of global climate funding debates
Africa Finance CorporationGreen Climate FundAfrica
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