The African Export-Import Bank and Agence Française de Développement have reiterated their commitment to scaling up finance for climate change initiatives in Nigeria and other African countries.
Participants discussed the leading role of Public Development Banks in greening the financial system in Africa and the importance of partnerships between PDBs to scale up sustainable development investments. Speaking at the event, Oramah said though Africa contributed less than four per cent of global CO2 emissions, it remained the most vulnerable region to the adverse effects of climate change.
“Too much bureaucracy, as well as a lack of clarity, are holding us back when progress is vital. For Africa to fulfil its ambitious economic aspirations, African governments, development institutions and the international community must work in concert.” Rioux described the partnership between Afreximbank and AFD, built over the past five years, as a shining example of effective coordination of Public Development Banks based on shared objectives.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.