Latest news with #ClimateInvestmentFunds
The Star
15-05-2025
- Business
- The Star
Zambezi basin climate resilience plan secures 703 mln USD
WINDHOEK, May 15 (Xinhua) -- A climate resilience and sustainable development plan for Africa's Zambezi River Basin has received 703 million U.S. dollars in funding from the World Bank, the African Development Bank, and the Climate Investment Funds, a senior Namibian official said on Thursday. Minister of Agriculture, Fisheries, Water and Land Reform Inge Zaamwani made the announcement during the 12th Ordinary Meeting of the Zambezi Watercourse Commission (ZAMCOM) Council of Ministers in Windhoek, the Namibian capital. "The financing includes 60 million U.S. dollars from the Climate Investment Funds, 388 million U.S. dollars from the African Development Bank, and 255 million U.S. dollars from the World Bank," she added. Zaamwani said the five-year initiative, titled "Nature, People and Climate Investment Plan for Africa's Zambezi River Basin Region" and officially endorsed on Feb. 28, will support climate resilience, transboundary water cooperation, and sustainable development in the region. The Zambezi River Basin, Africa's fourth-largest river basin, spans about 1.3 million square km across eight countries and supports nearly one-third of the population of those riparian states. ZAMCOM is an intergovernmental organization established by the eight countries that share the Zambezi watercourse, including Angola, Botswana, Malawi, Mozambique, Namibia, Tanzania, Zambia, and Zimbabwe. Namibia currently chairs the body.
Daily News Egypt
11-03-2025
- Business
- Daily News Egypt
Brazils secures $247m investment for reforestation, sustainable development
Brazil has received approval for a $247m investment plan aimed at promoting reforestation and increasing the use of nature-based solutions in the Amazon and Cerrado regions. The plan, approved by the Climate Investment Funds (CIF), will finance restoration projects and support sustainable development. The announcement was made on the official website of the Brazilian Government. The investments include $47m from the CIF, $100m from the Climate Fund through the National Bank for Economic and Social Development (BNDES), and $100m from the World Bank. The funding will be channelled to the private sector to support rehabilitation projects and the creation of sustainable production chains. The Nature, People and Climate (NPC) Investment Plan for Brazil aims to develop nature-based solutions to combat climate change, restore ecosystems, and strengthen the resilience of rural communities. The plan is projected to lead to the restoration of 54,000 hectares of forests, reduce CO2 emissions by 7.75 million tonnes, and create up to 21,000 direct and indirect jobs, TV BRICS reported. Brazil now has 18 months to develop an implementation plan, including detailing the specific projects to be undertaken under the NPC framework.
See - Sada Elbalad
11-03-2025
- Business
- See - Sada Elbalad
Brazil Receives $247 Million Investment for Reforestation and Sustainable Development
Brazil has received approval for a US$247 million investment plan to promote reforestation and increase the use of nature-based solutions, the international media partner of the event, and a partner of Sada El-Balad, reported. The plan, approved by the Climate Investment Funds (CIF), will finance restoration projects in the Amazon and Cerrado. The investments include US$47 million from the CIF, US$100 million from the Climate Fund through the National Bank for Economic and Social Development (BNDES) and US$100 million from the World Bank. The funding will be channelled to the private sector to support rehabilitation projects and the creation of sustainable production chains. Nature, People and Climate (NPC) Investment Plan for Brazil supports the development of nature-based solutions to combat climate change, restore ecosystems and strengthen the resilience of rural communities. The plan is expected to lead to the restoration of 54,000 hectares of forests, reduce CO2 emissions by 7.75 million tonnes and create up to 21,000 direct and indirect jobs. Brazil now has 18 months to develop an implementation plan and detail the projects to be developed under the NPC. The news of the approval was first reported by official website of the Brazilian Government.
Bloomberg
03-03-2025
- Business
- Bloomberg
African Nations Seek $703 Million for Zambezi Climate Resilience
A body representing eight southern African nations in the Zambezi River Basin, a critical water source for more than 50 million people, is seeking $703 million to strengthen climate resilience. The Zambezi Watercourse Commission made its pitch on Friday to the Washington-based Climate Investment Funds, which works through multilateral development lenders including the World Bank.
