{"id":2636,"date":"2021-06-10T09:30:10","date_gmt":"2021-06-10T09:30:10","guid":{"rendered":"http:\/\/adfi-ci.org\/?p=2636"},"modified":"2021-06-10T09:30:10","modified_gmt":"2021-06-10T09:30:10","slug":"press-release-african-development-bank-trains-experts-from-development-finance-institutions-on-climate-finance-action-strategy-and-management","status":"publish","type":"post","link":"https:\/\/adfi-ci.org\/fr\/press-release-african-development-bank-trains-experts-from-development-finance-institutions-on-climate-finance-action-strategy-and-management\/","title":{"rendered":"Press Release &#8211; African Development Bank trains experts from development finance institutions on climate finance action strategy and management"},"content":{"rendered":"<p class=\"has-very-dark-black-color has-text-color\"><strong>Abidjan, 7 June 2021<\/strong> \u2013 The African Development Bank and the Association of African Development Finance Institutions (AADFI) jointly hosted a 3-day virtual workshop to train development finance experts in Africa on climate finance action strategy and management.<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">The training aimed to equip participants, particularly those from the financial and private sectors, with knowledge on how to scale up climate actions. Over 200 participants were able to gain a deeper understanding of the roles of national development finance institutions in climate risk management.<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">In his opening remarks, Al-Hamdou Dorsouma, Officer-in-Charge of Climate Change and Green Growth at the African Development Bank, stated: \u201cThis initiative and the Bank\u2019s activities in mainstreaming climate finance is to strengthen African countries\u2019 drive to realize their Nationally Determined Contributions (NDCs) goals. It will also boost partnerships and knowledge sharing on how to pull finance for various climate action projects.\u201d<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">Davinah Milenge, Coordinator of the African Financial Alliance on Climate Change (AFAC) spoke about managing climate risks and the role of the AFAC. \u201cThe pan-African alliance aims to put the financial sector at the center of climate action in Africa. AFAC brings together Africa\u2019s key financial institutions, including central banks, insurance companies, sovereign wealth and pension funds, stock exchanges, as well as commercial and development banks, to mobilize private capital towards continent-wide low-carbon and climate-resilient development.\u201d<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">There were presentations and demonstrations of two business screening toolkits \u2013 the climate risk and opportunity toolkit and the business carbon footprints toolkit \u2013 which were developed by experts from Natural Eco Capital, which coordinated the workshop.<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">Dr. Eugene Itua, Chief Executive Officer of Natural Eco Capital, spoke on the importance of environmental, social, and governance in the financial sector. He explained how this governance aligns climate risk with the Paris Agreement.<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">Stefan Nalletamby, the Bank\u2019s Director of Financial Sector Development, noted that climate change impacts were reshaping the way people viewed the environment and business. He said the workshop would provide delegates with enhanced knowledge of climate change-related risks, as well as tools to mitigate its impacts and an understanding of how to mobilize climate finance for organizational operations.<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">Nalletamby also announced that both the Bank\u2019s Climate Change and Financial Sector Development teams are working together to develop a financial sector credit facility to scale up financial flows to green SMEs through financial intermediaries across the continent.<\/p>\n\n\n\n<p class=\"has-very-dark-black-color has-text-color\">Patricia Ojangole, the AADFI&#8217;s first Vice Chairperson and Managing Director, Uganda Development Bank Ltd, said while climate change causes major risks with cross-boundary effects, it holds opportunities for all, especially development finance institutions. Consequently, there is a need to prepare for its negative impacts and work to significantly mitigate its risks. She stressed that the gap experienced by African countries to solve related impacts could be bridged through adequate funding and skills in climate finance, which can be aided by scaling up capacity building.<\/p>\n\n\n\n<p class=\"has-text-color\" style=\"color:#0071a1\"><strong>Contact<\/strong>: Kwasi Kpodo, Communication and External Relations Department, African Development Bank. Email : w.kpodo@afdb.org<\/p>\n\n\n\n<p class=\"has-strong-white-color has-text-color has-background\" style=\"background-color:#0071a1\"><strong>About the African Development Bank Group<br><\/strong>The African Development Bank Group is Africa\u2019s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.afdb.org<\/p>","protected":false},"excerpt":{"rendered":"<p>Abidjan, 7 June 2021 \u2013 The African Development Bank and the Association of African Development Finance Institutions (AADFI) jointly hosted a 3-day virtual workshop to train development finance experts in Africa on climate finance action strategy and management. The training aimed to equip participants, particularly those from the financial and private sectors, with knowledge on 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href=\"https:\/\/adfi-ci.org\/fr\/category\/aadfi-news\/\" rel=\"category tag\">AADFI News<\/a>","rttpg_excerpt":"Abidjan, 7 June 2021 \u2013 The African Development Bank and the Association of African Development Finance Institutions (AADFI) jointly hosted a 3-day virtual workshop to train development finance experts in Africa on climate finance action strategy and management. The training aimed to equip participants, particularly those from the financial and private sectors, with knowledge on\u2026","_links":{"self":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts\/2636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/comments?post=2636"}],"version-history":[{"count":0,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/posts\/2636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/media\/7217"}],"wp:attachment":[{"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/media?parent=2636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/categories?post=2636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adfi-ci.org\/fr\/wp-json\/wp\/v2\/tags?post=2636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}