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Canada And AfDB Launches USD 108 Mn Fund For Africa
Canada And AfDB Launches USD 108 Mn Fund For Africa

The Government of Canada and the African Development Bank (AfDB) have launched a USD 108 Mn Canada-African Development Bank Climate Fund (CACF) for climate change-related projects in Africa. AfDB will be in charge of administering the fund.

CACF is a transformative special fund aimed at providing concessional loans to climate change-related projects in the AfDB’s regional member countries, and those that display a strong gender equality focus.