The UK has agreed to guarantee $2-billion of the debt the African Development Bank has extended to governments on the continent, allowing the lender to free up finance for climate-related projects. The additional lending capacity will be used to fund projects for climate resilience and renewable energy, Akinwumi Adesina, president of the Abidjan, Côte d’Ivoire-based bank, said in interview last week.
UK to guarantee $2bn of AfDB debt to boost climate fight
2022-06-27T11:25:59+01:00June 27th, 2022|