Development finance institution the African Development Bank (AfDB) and the government of Canada on March 17 signed an agreement to formalise the Canada–African Development Bank Climate Fund (CACF), which is a transformative special fund aimed at providing concessional loans for climate change-related projects with a strong gender-responsive component. The investment, with its strong gender footprint, recognised “the critical role that women need to play in climate action and supports their efforts to mitigate and adapt to the effects of climate change”, Canadain Minister of International Development Karina Gould said during a virtual signing ceremony on the sidelines of the Canada-Africa Clean Growth Symposium.
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