Africa Climate Change Fund embraces new partner contributions.
The African Development Bank (AfDB) approved the conversion of the Africa Climate Change Fund (ACCF) into a multidonor trust fund last month.
This conversion brings two new partners to the fund, the governments of Italy and Flanders, Belgium, which are contributing €4.7-million and €2-million respectively. The conversion also allows for new partnerships with other donors interested in supporting African countries in their transition to climate-resilient development and green growth.
The ACCF was established in April 2014 with a €4.725-million contribution from Germany to scale up climate-smart development in African countries by increasing the mobilisation of international climate finance.
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