December 8

COP 28: African Development Bank’s $1 Billion Insurance Facility to Protect Millions of Farmers in Africa

The African Development Bank Group has presented its planned $1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts of climate change.

The facility was widely praised by the World Food Programme (WFP), development agencies, insurance companies and the private sector during a side event at COP28 in Dubai.

Source: African Development Bank Group (link opens in a new window)

Agriculture, Environment, Finance
climate change, lending, smallholder farmers