adaptation-fund: Adaptation Fund Board Approves US$ 20.4M in New Project Funding in Intersessional Period

 

 

Approvals Include Regional Climate Change Adaptation Projects in Latin America and East Africa, and New Project in Senegal

 

 

Washington, D.C. (July 10, 2017) — The Adaptation Fund Board approved US$ 20.4 million in new project funding during its intersessional review period ending in early July – including a regional food security project along the Colombia-Ecuador border, a regional water security project in the Lake Victoria Basin of East Africa, and a mangrove restoration project in Senegal.

 

 

The approvals bring total funding committed by the Adaptation Fund since 2010 to more than US$ 438 million for 66 concrete adaptation projects serving vulnerable communities in developing countries across the globe.

 

 

“At the Hamburg summit July 7-8, the G20 also stressed support for national adaptation action and in this context recognized efforts promoted by the Adaptation Fund,” said Michael Kracht, Chair of the Adaptation Fund Board. “So, it is very heartening to see more funding heading directly to climate-vulnerable communities who need it the most to build their adaptive capacities and implement urgently needed adaptation solutions.”

 

 

The two regional project approvals under the Fund’s rapidly growing Funding Window for Regional Projects followed Board approval at its March meeting of the Fund’s first regional project to enhance resilience to droughts and floods among small farmers in Ethiopia, Kenya and Uganda.

 

 

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