Climate Change in Africa
A race against time
Leandro Azevedo is a Senior Climate Finance Officer and Coordinator of the Climate Investment Funds (CIF) at the African Development Bank. Over the past eight years, he has worked in the structuring of private-sector led infrastructure projects in climate change and non-climate change related sectors across Africa. He holds a BA and MA in Economics from the University of Coimbra, Portugal and an MSc in Economics & Business, specializing in Financial Economics from the Erasmus School of Economics, The Netherlands.
In 2008, as the urgency of global support for climate-smart development became increasingly apparent, donor and recipient countries established the Climate Investment Funds (CIF) through the multilateral development banks as a transitory financial mechanism to help provide an interim climate source of funding, pending the effectiveness of a new multilateral climate finance facility developed under the guidance of the United Nations Framework Convention on Climate Change (UNFCCC).