Author: Salvador Baloi (Salvador Baloi)

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EIB and AllianzGI launch EUR 500M fund for climate action in emerging countries

The European Investment Bank (EIB) and the asset manager Allianz Global Investors (AllianzGI) have just launched on Monday the Emerging Market Climate Action Fund (EMCAF), a "fund of funds" that aims to mobilize private capital for projects that help emerging and developing countries in Africa, Asia or Latin America adapt to the impacts of climate change