In a video statement posted on AfDBs website, Jennifer Blanke, AfDB Vice-President for Agriculture, Human and Social Development, is bullish about promoting gender equality.
The Gender Strategy will also need to address AfDBs own internal transformation to make it a more supportive, gender-responsive institution, valuing its female and male staff equally.
Not only will AfDB be able to help channel new GCF resources, it can also blend GCF funding with AfDBs own resources, or with other third-party financing.
Historically, African countries have made the smallest contribution to global greenhouse gas emissions, but are currently being disproportionately impacted by the negative impacts of a changing climate, stated Alex Rugamba, Director of AfDBs Energy, Environment and Climate Change Department.
The AfDBs GEF portfolio has grown tenfold over the past five years, now including 32 projects financed with US $253 million in GEF grants and $1.