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AfDB seeks new funds for climate change activities in Ghana, other countries for 2012

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The African Development Bank (AfDB) is exploring ways of getting new climate financing for 14 African countries including Ghana from the year 2012.

The bank is eyeing Norway and Korea for these financing.

According to the AfDB, a delegation from the Nordic Development Fund (NDF) will visit the Bank in mid-January 2012 to present its new strategy and operational guidelines for accessing funding for climate mitigation and adaptation activities.

The NDF can provide grants of up to $4 million for climate change project components covering technical assistance and capacity building activities as well as hard investments where appropriate.

The AfDB said the NDF is available to 14 African countries: Ghana, Benin, Burkina Faso, Cape Verde, Ethiopia, Kenya, Malawi, Mozambique, Rwanda, Senegal, Tanzania, Uganda, Zambia and Zimbabwe.

Eligible areas of work, the bank indicated include infrastructure and energy; natural resource management and climate change-related capacity building.

The Bank will be receiving a visit from the Korea-based Global Green Growth Institute (GGGI) in the first quarter of 2012 to discuss means of supporting regional member countries in developing their green growth strategies, said the lender.

By Ekow Quandzie

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