Browsing: Green Climate Fund

climate-resilient farmers

IFAD’s innovative finance plan for climate-resilient farmers in East Africa

Industry and Trade
  • Creating climate-resilient farmers to address climate change has become urgent.
  • Access to finance is essential to sustain and improve the agricultural livelihoods that vulnerable rural communities rely upon.
  • Supporting small and medium-sized enterprises in rural areas supports increased employment, income, and services to rural communities.

 

East Africa is frequently impacted by food shortages and clusters of hunger due to complex mix of factors including unstable social and political environments, macroeconomic imbalances in trade and climate change.

Floods, pests, diseases are just a number of challenges hindering farmers in East Africa who rely on rainfed agriculture.

Not only these farmers are significantly limited by their marginalized conditions but also their lower capacity to adapt.

Climate change is another problem the world and this case Africa faces. It impacts the way struggling farmers navigate through crop failure and profitable market limitation.

Following the recent release of data confirming a sharp global …

Africa’s climate funding race 

Industry and Trade

However, the DW report argued that just 18 per cent of GCF financing went to projects in the world’s poorest countries, while 65 per cent went to projects in middle-income countries like Mexico or India.  

GCF is an essential partner towards Africa’s climate action. It is one of the most potent multilateral financing mechanisms available for the continent in supporting genuine-time climate action efforts. 

Despite the underlying challenges within climate finance the region faces, it ought to be ready to harness GCF’s potential and become resilient as climate change impacts do not wait.  …

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