African Development Bank AfDB hosts 'Climate for Development in Africa' meeting - The African Development Bank (AfDB) Wednesday began hosting a two-day meeting in Tunisia for the Board of Programme Directors of the 'Climate for Development in Africa Initiative (Clim-Dev).
'The high-level meeting marks a turning point in Africa’s fight against climate change, particularly in Africa itself,' the bank highlighted in a statement received here by PANA.
According to AfDB, during the meeting the Clim-Dev Special Fund (CDSF) – an ad hoc investment fund set aside to finance climate change activities in Africa - will become operational.
'In addition to the fund resources and the possibility of disseminating robust and viable statistical data on climate and its evolution in Africa, CDSF will finance concrete operations on the ground,' the statement added.
At the moment, 14 projects are said to be under review as part of the Climate for Development initiative in Africa.
Some 30 delegates from the African Union Commission (AUC), the United Nations Economic Commission for Africa (ECA), African Regional Economic Communities, AfDB Managers and bank experts as well as the donor community and civil society organizations are said to be taking part in the meeting.
Established in 2009 under the joint auspices of AfDB, AUC and the ECA, the Clim-Dev Africa Initiative was launched in 2012.
Its initial resources were said to have been further enhanced by contributions made by African, Caribbean and Pacific Group (ACP) countries in February 2013.