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Multilateral Development Banks
Two years after the 2015 Paris Agreement, the world’s multilateral development banks (MDBs) committed to align their financial flows with the landmark climate pact’s goals.
If Africa needs to move its baseload generation away from coal assets, what is going to replace it? Gas is a proposed pathway, but does this not lock us into a different fossil fuel?
Are you willing to take a guess as to the amount of funding allocated to Africa's power and energy market in the last 24 months?
“Our ambition is bold: to galvanise climate resilience actions...and mobilise financing at scale...,” said Adesina, the AfDB's president.
The European Bank for Reconstruction and Development (EBRD) is investing $60 million to become a shareholder in an Egyptian private energy company, Infinity Energy, through the issuance of new shares. The funds will go towards...
FIDIC has granted the AfDB licence to refer to seven FIDIC contracts for projects they finance, which can form part of the Bank’s bidding documents.
Multilateral Development Banks have established a joint framework for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change.