West Africa: African Development Bank, Ecowas Bank for Investment and Development sign loan agreement for $50 million and €50 million to enhance regional food security
African Development Bank, United Nations (UN) Environment Programme, partner to drive implementation of Kunming-Montreal Global Biodiversity Framework in Africa
The AAAP, a joint initiative between the African Development Bank and the Global Center on Adaptation, is expected to scale up innovative and transformative actions on climate adaptation across Africa, Adesina said during the inaugural Ministerial Dialogue on Adaptation Action, held as part of the summit.
“Our ambition is bold: to galvanize climate resilience actions; support countries to accelerateand scale up climate adaptation and resilience; and mobilize financing at scale for climateadaptation in Africa,” the Bank chief said.
Adesina was joined in addressing the summit by Netherlands Prime Minister Mark Rutte, 8th UN Secretary General Ban Ki Moon, current UN Secretary General Antonio Guterres (https://bit.ly/3qQ5jCY), UK Prime Minister Boris Johnson, Germany Chancellor Angela Merkel, Canada Prime Minister Justin Trudeau and India’s Prime Minister Narendra Modi. World Bank president David Malpass and IMF Managing Director Kristalina Georgieva also spoke.
“I would also like to welcome the commitment of Dr. Adesina, President of the African Development Bank, who has agreed to take on the role of resource mobilization champion and help raise, by 2030, all the necessary funds for the realization of the Great Green Wall,” French President Emmanuel Macron told participants. In the role of champion, Adesina will lead the mobilisation of political and economic support for the initiative. “The Great Green Wall Initiative is the first step on the way to nature-based solutions as well as solutions based on the vitality of African eco-solutions,” said Macron. “France is very committed to this region from the standpoint of security and sustainability. We need to beef up the initiative for all the 11 countries.”