“The Ivory Coast has been officially selected to host our representation covering the West, North, and Central Africa regions, a decision motivated by the country’s economic performance and strategic positioning in the sub-region,” said Catherine Koffman, Africa Director of the Green Climate Fund (GCF).
Received in audience on April 17 in Abidjan by the Ivorian Prime Minister, Robert Beugré Mambé, along with the Minister of Environment and Ecological Transition, Abou Bamba, the Africa Director of the GCF highlighted “the quality of Ivorian initiatives” as well as the positive ratings obtained by the country from international agencies.
Discussions focused on investment priorities and the climate financing mechanisms needed to address environmental challenges. Among the key projects discussed, the two parties talked about the upcoming completion of a program to build photovoltaic power plants aimed at increasing the share of renewable energies in the national energy mix.
The current portfolio of the Green Climate Fund in Ivory Coast includes 18 approved projects, representing a financial commitment of $190 million, or approximately 106 billion CFA francs. Although significant, this amount is considered modest by the institution in light of the scale of needs related to climate change. As a result, the GCF announced that it is working on new projects with more substantial funding to increase the impact of ecological transition actions in the territory.
