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Maroc Maroc - AGRIFOCUSAFRICA.COM - A La Une - 05/Aug 07:21

100 million to the West African Development Bank (BOAD): the Italian Climate Fund subscribes the first ever hybrid bond for climate change mitigation issued by a multilateral bank

The funds will be used to build and rehabilitate infrastructure for the production of electricity from renewable sources, in order to diversify the energy mix, avoid CO2 emissions and reduce energy production costs ROME, Italy, August 5, 2024/ — The funds will be used to finance projects in the renewable energy sector aimed at mitigating climate change; The initiatives will be targeting the eight West African countries that hold equity in BOAD (www.BOAD.org): Benin, Burkina Faso, Côte d’Ivoire, Niger, Senegal, Togo, Mali, and Guinea-Bissau. A €100 million operation to finance projects addressing climate change mitigation in West Africa through the […]

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