New Platform to Boost Environmental Impact Financing in Africa

Source: Benzinga

The European Investment Bank (EIB) and the Green Climate Fund (GCF) have announced their collaboration in the Green and Resilience Debt Platform, a vehicle that aims to boost climate finance in Africa. The platform contributes to the European Union's Global Green Bond Initiative, which relies on a governance structure defined by the European Commission and European development finance institutions. It will be implemented in partnership with the United Nations Development Programme and United Nations Capital Development Fund.

The announcement came in the margins of the First EIB Group Forum in Luxembourg, which gathered policymakers, financial institutions and business leaders to discuss pressing issues.

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