Author: Kayla Hickman / Source: Good News Network
Africa is set to receive a massive financial windfall courtesy of the world’s largest developmental banking organization.
In addition to the $200 billion that it has already pledged towards fighting climate change, the World Bank Group is stepping up its support for Africa by committing $22.
5 billion between 2021 to 2025.The funding, which more than doubles their commitment to climate-related projects over the last five years, is part of the group’s 2025 Targets to Step Up Climate Action which they launched in December 2018.
This announcement comes in tandem to the United Nations’ third One Planet Summit (OPS) earlier this month. The summit brought together international government leaders and representatives from the private sector, including entrepreneurs, donors, organizations and other global stakeholders to discuss collaboration on climate action.
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