Browsing: AGIA

• The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent.
• The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital.
• AGIA was launched a year ago at COP27 in Sharm El Sheikh, Egypt, by the African Union Commission, the African Development Bank, Africa50, and other partners.

In a powerful signal of support during COP28, African and global institutions, together with governments of Germany, France, and Japan and philanthropies, have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent.

The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital. The Alliance is a partnership of …

France will host, in Paris, on June 22 and 23, 2023, the Summit for a new global financing pact. The Summit seeks to rethink the contract between the countries in the Global North and the Global South. The organisers aim to formulate a new pact to address the global economic crisis and climate change.…