AfDB to double climate funding by 2025

Activists demand for climate funding outside IMF headquarters

Activists demand for climate funding outside IMF headquarters. From the last AfDB’s Africa Investment Forum held in March, investments worth $15.58 billion were secured for energy and agriculture sectors, aimed at climate resilience and food security PHOTO | AFP

The African Development Bank (AfDB) plans to double its funding for climate resilience projects across the continent to $25 billion by 2025, helping countries mitigate and adapt to the effects of climate change.

This comes ahead of the group’s 57th annual meeting in Accra in May.