You are here
AfDB says ClimDev-Africa Special Fund ready to support first climate change operations
The African Development Bank (AfDB) announced on Wednesday, October 8 in Marrakech, Morocco, that the ClimDev-Africa Special Fund (CDSF) implemented in August is now ready to support the first cohort of climate change operations.
Addressing the opening session of the Fourth Annual Conference on Climate Change and Development in Africa (CCDA-IV) in Marrakech, Morocco, Yacine Fal, Resident Representative of the Bank to the Kingdom of Morocco, announced the launch of the first ‘Call for Proposal’ at an event to be held in Marrakech later in the day.
Fal cautioned that the Fund would only finance innovative operations, given its initial envelop of 33 million euros that it has been able to mobilise so far.
She thanked the European Union for providing seed money of 20 million euros for five initial operations that would, among other things, enhance the capacities of national meteorological and hydrological services to receive numerical weather prediction models in order to raise relevant warnings to their disaster risk management agencies for extreme weather events.
She praised the organisation of CCDA events of which AfDB is one of the key partners, saying they have now become an annual fixture in our respective calendars because the “forum brings together the best minds and actors on the climate change agenda in Africa.”
Fal commended the choice of this year’s conference theme as being both comprehensive and timely “as we mark the 2014 Year of Agriculture and Food Security in Africa,” recalling that AfDB had just commemorated the Africa Year of Agriculture and Food Security on the theme “Transforming Africa’s Agriculture for Inclusive Growth and Sustainable Development.”
The Resident Representative underscored the importance that AfDB attaches to climate change. As the lead development finance institution in Africa, the AfDB considers climate change one of the key issues facing the development of the continent, she said.
“Let us remind ourselves that, over 2,500 extreme weather and climate-related disasters were recorded in Africa in 2012” alone, “resulting in the loss of thousands of lives and tremendous economic damage costing tens of billions of dollars,” she explained.
The opening session of CCDA-IV was also addressed by the Moroccan Minister Delegate for Energy, Mining, Water and Environment, Harima El Haite; the Deputy Executive Secretary of the Economic Commission for Africa (ECA), Abdalla Hamdok; Fatima Denton, Coordinator of the African Climate Policy Centre (ACPC) and Director of Special Initiatives Division at ECA; as well as a representative of the African Union Commission.
The Fourth Annual Conference on Climate Change and Development in Africa (CCDA-IV) ends on October 10, 2014.