Burk­ina Faso and Ghana mull cli­mate re­silience plan

The Pak Banker - - Front Page -

TU­NIS

At meet­ings of the Cli­mate In­vest­ment Funds (CIF) in Is­tan­bul, Burk­ina Faso and Ghana re­ceived en­dorse­ment of their far-reach­ing plans for sus­tain­ably manag­ing their for­est sec­tors as part of their goals for cli­mate-re­silient eco­nomic de­vel­op­ment. The endorsements came from the For­est In­vest­ment Pro­gram (FIP), one of the four pro­grams of the $7.2 bil­lion Cli­mate In­vest­ment Funds (CIF), with sup­port of the African De­vel­op­ment Bank (AfDB) and other part­ners in­clud­ing the World Bank Group.

Un­der the For­est In­vest­ment Pro­gram ( FIP), Burk­ina Faso was al­lo­cated US $30 mil­lion and Ghana was al­lo­cated US $50 mil­lion for sus­tain­able man­age­ment of their forests, through ac­tiv­i­ties un­der pro­grams for re­duc­ing de­for­esta­tion and for­est degra­da­tion and in­sti­tut­ing sus­tain­able for­est man­age­ment (REDD+), and in­clud­ing agro­forestry and sus­tain­able agri­cul­ture.

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