{"id":42683,"date":"2023-05-23T17:58:58","date_gmt":"2023-05-23T17:58:58","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/pm-ngirente-attends-afdbs-meet-on-climate-financing"},"modified":"2023-05-23T18:42:09","modified_gmt":"2023-05-23T18:42:09","slug":"pm-ngirente-attends-afdbs-meet-on-climate-financing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing","title":{"rendered":"PM Ngirente attends AFDB\u2019s meet on climate financing"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>Prime Minister Edouard Ngirente arrived in Sharm El Sheikh, Egypt, on Monday May 22, to attend the African Development Bank (AfDB) meeting that focuses on mobilizing private sector financing for climate action.<\/p>\n<p>Climate change is top priority for the 58th Annual Assembly of the African Development Bank and the 49th meeting of the African Development Fund running under the theme \u2018Mobilizing Private Sector Financing for Climate and Green Growth in Africa\u2019 from May 22 to 26.<\/p>\n<p>Experts continuously emphasize that addressing climate change and promoting a green transition is thus fundamental for Africa\u2019s sustainable development which requires mobilizing substantial resources.<\/p>\n<p>In 2020, climate funding by the private sector accounted for 49 percent or $310 billion of the total value of climate finance. In contrast, out of $29.5 billion of climate finance that flowed in Africa, 80 percent of climate investment financing was mobilized from public international actors while private sector funding represented only 14 percent.<\/p>\n<p>It is reported that Africa needs between $1.3trillion and $1.6trillion from 2020 to 2030 to implement its climate action as expressed in countries\u2019 National Determined Contributions (NDCs).<\/p>\n<p>It is against this background that the bank group\u2019s governors, executive directors, and African leaders and development partners will discuss successful strategies to galvanize more resources.<\/p>\n<p>These include those from within their own countries as well as investment opportunities in renewable energy and sustainable agriculture.<\/p>\n<p>Besides that, AfDB will also launch its flagship Africa Economic Outlook report 2023 that takes into account different economic developments in the region and projections.<\/p>\n<p>The meeting will as well feature discussions on the ongoing transformation of international financial architecture and how this is likely to affect the vital role of multilateral development institutions in lending and assistance to developing countries.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. Prime Minister Edouard Ngirente arrived in Sharm El Sheikh, Egypt, on Monday May 22, to attend the African Development Bank (AfDB) meeting that focuses on mobilizing private sector financing for climate action. Climate change is top priority for the 58th Annual Assembly of the African Development Bank and the 49th meeting of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":42681,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,14],"tags":[760,763,758],"class_list":["post-42683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PM Ngirente attends AFDB\u2019s meet on climate financing - Rwanda<\/title>\n<meta name=\"description\" content=\"Prime Minister Edouard Ngirente arrived in Sharm El Sheikh, Egypt, on Monday May 22, to attend the African Development B ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Ngirente attends AFDB\u2019s meet on climate financing\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Edouard Ngirente arrived in Sharm El Sheikh, Egypt, on Monday May 22, to attend the African Development B ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T17:58:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T18:42:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/05\/sm_1684854585.294157.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"609\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"PM Ngirente attends AFDB\u2019s meet on climate financing\",\"datePublished\":\"2023-05-23T17:58:58+00:00\",\"dateModified\":\"2023-05-23T18:42:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/05\/sm_1684854585.294157.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"head lines\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/policy\/pm-ngirente-attends-afdbs-meet-on-climate-financing\",\"name\":\"PM Ngirente attends AFDB\u2019s meet on climate financing - 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