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Climate Finance Monthly Newsletter - Issue N°4 - March 2011
The African Development Bank is helping Africa fight the adverse effects of climate change by supporting efforts to increase resilience to immediate and future impacts. But with a multi-billion dollar price tag, adaptation action in Africa cannot be fully realized with current financing. Even so, the Bank is moving swiftly to increase access to ready funds, including the USD180 million that the Climate Investment Funds’ Pilot Program on Climate Resilience (PPCR) is channeling through the Bank. By blending co-financing from its own resources with PPCR, the Bank is helping Niger, Mozambique and Zambia reduce their vulnerability to climate change.