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AfDB CIF Annual Report 2012
The momentum in Africa is quickening toward building societies based on sustainable energy, resilient rural, coastal and forest landscapes, and globally scalable knowledge on low-carbon and climate-resilient solutions. To spur this momentum, the African Development Bank (AfDB) and the Climate Investment Funds (CIF) are partnering with countries north to south, from middle-income countries to those most vulnerable and fragile, to invest in effective climate strategies. AfDB is channeling nearly $450 million of CIF funds and adding more than a billion of its own money to make this happen and plans to do even more in the short-term.