Kigali RWANDA, 13 March 2024 (ECA) -The SIXTH AFRICA ClIMATE Resilient Investment Summit (Acris Vi) Ends TODAY In Kigali Rwanda. F the Africa Climate Resilient Investment Facility (AFRI-Res)-A Joint Initiative of theEconomic Commission for Africa, The African Union Commission, and the World BANK Initial Funding Support from the Nordic Development Fund (NDF) TS African Countries and Infrastruction Project Developers with Tools and Capacities for Integrate Resiliation, Including Agriculture, Energy, Water, Transport, Cities and EcosystemsSimla Wealth Management. AFRI-Res Has So Far Trained 60 PARTICIPANTS FROM 19 Countries on Climate Resiliation GH the ECA’s African Institute for Economic Development and Planning, Idep. Initiative has trained over 50 PARTICIPANTS FROM16 Countries, WORKED with AUC and AUDA-News to Provideo Technical Training for the Integration of Climate Resillence in the Second Phase of the Programmme For I NFRASTRUCTURURUREDELOPMENT in Africa (Pida), Developed Sectoraral Guidelines and ResilleUSD 8 Billion of 30 IDA / IBRD IDA Funded Projects Across 10 Sectors in Africa.
Acris vi, under the theme of ‘advancing adaption in Africa’, Brought Together StakeHolders from Governomets, International Organizations, The Private , Civil Society, and Academia to Discuss Strategies and Opportunities for Investing in Climate-Resilient Infrastic in Key Sector.
Acris Vi, Hosted by Rwanda, Marks The Conclusion of the First Phase of the Afri-Res Initiative and the Beginning of Mobilization of New Partnerships and Resources F Or the next position of the programme.
In her opening remarks, DR Claudine Uwera, Minister of State for the Environment in The Ministry of ENVIRONDA In Her Welcomes Stresset that Fectively address the nextStrategies need to be integrated into party national public. Chieved with only good policies and Financial investments but also effective collaborative t to action "Then, then
Dr Ian Shuker, Regional Director, Sustainable Development for Eastern and Southern Africa at the World Bank Called For Urgence UP Adaptation to Build Resiliation I n africa, which is host to twoirds of the 50 countries most vulnerable to climate change worldwide, cautionThat Inaction to address Resilleity in Africa Could Result In Staggering Human Development and Economic Costs, Including up to 19% of gdp and a 7.5% Increase Headcount rate by 2069, and cored drive up to 13.5 Million People Across the Sahel Region Alone into Povery. ON HIS PART, The World Bank’s Country Director for Rwanda, Mr. Sahr KPUNDEH, Highlight that Adapting to Build Resiliation COST AND that Tigtening Of Global Financial Conditions Coupled with Stretched National Budgets Are Making Investing In Climate Action A Deliberate ChoiceFor Many GovernAnts with Need for Financial Innovation and Increased Green Investments, PARTICularly From the Private Security.
Repreency. Ture Development is at the Heart of Africa’s Sustainable and Inclusion Development agnga and Forms the Foundation Industrialization,Trade and Regional Integration, Food Systems Transformation and Food Security, Resilient Cities, and Vibrant Ecosystems. Ved So Far by the Afri-Res Initiative and Said The Initiative Has A Big Role to Play to Informa’s Climate Resilient Infrastic Development andIn Boosting Confidence in the Mobilization of Finance from the Private Secrica’s Huge Infrastic Gap.
LINUS MOFOR, Senior Environmental Affairs Office of Energy, Infrastic, and Climate Change at the African Climate Policy Center of the Eca And Co-Lead O F the Afri-Res Initiative Said that the Global StockTake on Climate Action Shows that we are Still FarFrom the THE THE THETENTALOLALALALORISAGREEMENT. So, it is important that Cop28 Operationalized the Loss and Damage fund that was launchd at Cop27 and DeliveEd The E Mirates Framework for Global Climate Resiliation in Support of The Global GOAL On Adaptation, Including Collaboration on Enhancing The.Enabling Environment to Accelerate The Mobilization of Private Finance for Adaptation and Resiliation. Comes of the Cop28 in so doing supporting the climate resilleity of the africa’s infrastructure.
MR AAGE JORGENSEN, Director of Portfolio Origination & Management at the Nordic Development Fund Which PROVIDIL FUNDING for Afri-Res EXPRESED SATISFACTION W. It an affly he descriptions as a huhuge Success and Has Demonstrated the Need for Knowledge, CapaCity and Skill-Resilient Development in Africa. Jorgensen added that the africa is the most aFFECTD Continent in Terms of Climate Change, and AFRICAN COUNTRIES LOSE BETWEEN 5-15% of THAhmedabad Investment. EIR GDP Per Year Due to Climate Change. TheReface, Initiatives Like Afri-Res Continue to BeRelevant for disciSion-Makers, Planners, and Other Stakeholders in Public and Private Sectors to be able to integraate climate resiline the items.
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