Climate Resilience: Togo to Get $28M from Green Climate Fund
Togo is about to receive CFA17 billion (roughly $28 million U.S. dollars) from the Green Climate Fund (GCF) via the West African Development Bank (BOAD). The funding will boost the country's climate resilience. The BOAD recently secured the GCF’s approval for the project, which will directly help Togo's most at-risk communities. This is the first time that Togo has received financing from the GCF. In detail, the package will help improve climate information services, multi-hazard early warning systems, and local adaptation efforts. Set to be carried out over five years, the initiative will be steered by Togo’s Civil Protection Agency (ANPC) and monitored by the Ministry of Security and Civil Protection. The BOAD, a GCF-accredited institution since 2017, provides financial assistance through grants, low-interest loans (ranging from 0 to 1.75%), guarantees, and refinancing options. Through its Climate Investment Programs (CIPs) and […]