AfDB Renews Support of Climate Change Resilience with Additional Resources from Least Developed Countries Fund
TUNIS, Tunisia, May 13, 2013/ — The African Development Bank (http://www.afdb.org),renewed its support for climate change resilience in Madagascar, Benin and Angola in accessing US $17.8 million of adaptation finance in the form of grants from the Least Developed Countries Fund (LDCF) during the second quarter of 2013. It follows the approval last March of US $18.6 million for three water and sanitation projects.
- Madagascar will receive US $6.2 million to promote climate change adaptation by ensuring (a) that agricultural water infrastructure planned with African Development Fund support is modified so as to be resilient in the face of climate change; (b) that the vulnerability of the agriculture catchment to cyclones and flooding is reduced, and (c) that local agricultural livelihoods are adapted to climate change through water management and health interventions.
- Benin will receive US $7.2 million to allow flood control and climate resilience of agriculture infrastructures in Oueme Valley. Under this project, flooding risk mapping and climate resilient agriculture infrastructures like dykes will be promoted along with flood resistant grain storage systems.
- Angola will receive US $4.4 million to increase the scope of the four pilot demonstration centres to climate change technology for sustainable development.
The Council of the Least Developed Countries Fund (LDCF), hosted under the Global Environment Facility (GEF), has approved financing totaling US $17.8 million for three agriculture and natural resource management projects. These projects aim at increasing the adaptation capacities of three African countries.
This approval represents a major step forward in the engagement of the African Development Bank to support to make African countries’ resilience to climate change.
The LDCF was established under the UN Framework Convention on Climate Change (UNFCCC) to finance the preparation and implementation of National Adaptation Programmes of Action (NAPAs).
Distributed by the African Press Organization on behalf of the African Development Bank (AfDB).
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