May 22

Switzerland Allocates €217 Million to African Development Fund to Support Climate Resilience

As promised at the 27th UN Conference of the Parties on Climate Change (COP27), Switzerland is allocating 212 million Swiss francs (€217.7 million) to the African Development Fund (ADF) to strengthen the financing of climate projects in Africa.

The Swiss Confederation is aware of the impact of global warming on the economies of several African countries. The Swiss government is therefore allocating 212 million Swiss francs (217.7 million euros) to “replenish the resources” of the African Development Fund (ADF). The funds will be used to finance projects that focus on the implementation of the 17 UN Sustainable Development Goals (SDGs).

Source: Afrik21 (link opens in a new window)

Environment, Investing
climate change, global development, SDGs