ADB makes 8.9 billion available to Mozambique for climate mitigation

Mozambique has secured funding of 8.9 billion dollars from the Climate Action Window, an ADB Group instrument, for mitigation and adaptation in the face of climate change. The instrument will run from 2023 to 2025.

The deputy minister of Economy and Finance, Amílcar Tivane, revealed that the fund was achieved as a result of meetings he had with the vice-presidency of the African Development Bank (AfDB) for this area.

"Mozambique can submit concrete projects as soon as the architecture of this new instrument is ready," said the deputy minister in a brief interview with Lusa, on the sidelines of the AfDB's annual meetings, which he attended this week in the Egyptian city of Sharm el Skeikh.

Amílcar Tivane also said that "we had a very useful discussion, we made our voice heard so that we could look at climate finance issues, and not just the issues associated with carbon credits, guarantees for projects with a green growth component."

He recalled that Mozambique is a country prone to adverse climatic shocks, and in the last five years, it has been particularly plagued by a series of cyclones that "have had terrible repercussions from the point of view of loss of human life, destruction of socio-economic infrastructures that were built at great sacrifice".

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