At the close of Africa Climate Week, five days hosted by the Government of Ghana, Manuel de Araújo, mayor of the seaport city of Quelimane, Mozambique, told delegates how his region is suffering the catastrophic impacts of climate change right now.
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The world’s six largest multilateral development banks increased their climate financing to a seven-year high of $35.2 billion in 2017, up more than 20 percent from the previous year.
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Following a meeting with G20 finance ministers and central bank governors on Sunday in Baden Baden, World Bank Group President Jim Yong Kim announced a record US$57 billion in financing for Sub-Saharan African countries over the next three years.
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The African Development Bank has launched an Africa Investment Forum as a meeting place for social impact investors. The Forum will showcase bankable projects, attract financing, and provide platforms for investing across multiple countries.
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