{"id":468932,"date":"2020-11-10T16:53:32","date_gmt":"2020-11-10T15:53:32","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=468932"},"modified":"2020-11-10T16:53:32","modified_gmt":"2020-11-10T15:53:32","slug":"post-covid-afreximbank-and-afd-initiate-reflection-to-strengthen-sustainability-and-resilience-in-africa","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/11\/10\/post-covid-afreximbank-and-afd-initiate-reflection-to-strengthen-sustainability-and-resilience-in-africa\/","title":{"rendered":"Post Covid: Afreximbank and AFD initiate reflection to strengthen sustainability and resilience in Africa"},"content":{"rendered":"
<\/div>

The President of the African Import-Export Bank (Afreximbank) Benedict Oramah, and the Director General of the French Development Agency (AFD) R\u00e9my Rioux, during an online seminar in Cairo (Egypt), discussed, on scaling up climate finance in Africa as part of their joint effort to advance sustainable development as the continent recovers from the COVID-19 pandemic.<\/p>\n

For Afreximbank, “the event aimed to increase participants’ knowledge of the opportunities and challenges associated with aligning economic development and climate finance to build sustainability and resilience in Africa.” The role of public development banks in financing sustainable development projects and their contribution to partnerships was also analyzed. A reflection, the recommendations of which will be discussed at the \u201cFinance in Common\u201d (FiC) summit to be held from 11 to 13 November 2020.<\/p>\n

\u201cAlthough Africa contributes less than 4% of global CO2 emissions, it remains the region most vulnerable to the adverse effects of climate change. Droughts and floods have increased in frequency over the past two decades and threaten to jeopardize the continent’s economic progress, \u201dsaid Benedict Oramah<\/p>\n

Welcoming the partnership between Afreximbank and AFD, the director general of the Agence Fran\u00e7aise de D\u00e9veloppement argued that Public Development Banks (BPDs) could do more to scale up climate finance for sustainable development.<\/p>\n

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The President of the African Import-Export Bank (Afreximbank) Benedict Oramah, and the Director General of the French Development Agency (AFD) R\u00e9my Rioux, during an online seminar in Cairo (Egypt), discussed, on scaling up climate finance in Africa as part of their joint effort to advance sustainable development as the continent recovers from the COVID-19 pandemic.<\/p>\n","protected":false},"author":536282,"featured_media":468933,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12040,12046],"tags":[341,2360,12322,16687],"class_list":["post-468932","post","type-post","status-publish","format-aside","has-post-thumbnail","category-international-institutions","category-leaders-en","tag-afd","tag-afreximbank","tag-africa-en","tag-post-covid","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"\nPost Covid: Afreximbank and AFD initiate reflection to strengthen sustainability and resilience in Africa - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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