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Browsing: Financing for Climate and Green Growth in Africa.
- The African Development Bank (AfDB) has exceeded its mobilisation target for the Just Green Transition (JGT) initiative, raising $2.3 billion to help address Egypt’s climate woes.
- Initially, AfDB had set a target of $1.4 billion for the programme aimed at building the resilience of vulnerable systems and promoting sustainable development.
- JGT initiative has a pipeline of investment-ready projects worth $14.8 billion to tackle the water-food-energy nexus.
The African Development Bank (AfDB) has surpassed its mobilisation target for The Just Green Transition (JGT) initiative after raising $2.3 billion which will be invested in tackling climate change-related challenges in Egypt.
The financial institution had initially set a target of $1.4 billion for the initiative to build resilience of vulnerable systems and promote sustainable development in the country.
Already, the Just Green Transition (JGT) initiative has a pipeline of investment-ready projects worth $14.8 billion to tackle the nexus on water, food and …
