February 6

Climate Finance: London Guarantees $239 Million from the African Development Bank for Benin and Mauritius

By Jean Marie Takouleu

The UK guarantees two African Development Bank (AfDB) loans of $239 million for Mauritius and Benin. As part of a climate financing program, this support will enable the construction of energy and sanitation infrastructure.

As part of the “Room to Run” (R2RS) program, the African Development Bank (AfDB) is lending $239 million to Benin and Mauritius. This UK-guaranteed climate financing will support flood control in Benin. The two development partners are contributing $129 million (including a $106 million loan) to the Projet d’assainissement pluvial des villes secondaires (PAPVS).

Photo courtesy of Linus Nylund.

Source: Afrik21 (link opens in a new window)

Investing, WASH
climate finance, infrastructure, lending, renewable energy, sanitation, water