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Climate Finance Bimonthly Newsletter - Issue N°31 - May-June 2015
At its governing body meetings mid-May, the Climate Investment Funds (CIF) endorsed 9 African nations to serve as pilot countries for critical aspects of climate-smart development, with six pilot countries for climate resilience and three for sustainable forests. In addition, governments unanimously endorsed Ghana’s ambitious investment plan to transform and promote its renewable energy sector (see Focus on renewable energy). As a result, the AfDB-CIF portfolio now includes 34 pilot programs in 27 African countries.