King Mohammed VI arrived Saturday in Brazzaville to take part in the first Summit of Heads of State and Government of the Climate Commission and the Blue Fund for the Congo Basin as “special guest”. The King will also chair the signing-ceremony of several agreements between Morocco and the Republic of Congo, the statement added. The Blue Fund, with a capital estimated at €3 billion, aims to develop the economy of the Congo basin in the long term, through several initiatives, including offering other alternatives to deforestation, strengthening irrigation of farmland in the savannah and supporting eco-tourism. The study will make recommendations on which the crucial decisions on the financing, the operational management and the strategic governance of the Congo Basin Blue Fund will be taken and draw up a first investment plan. Ten countries have signed the Memorandum of Understanding on the Congo Basin Blue Fund: Angola, Burundi, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Gabon, Morocco, Republic of Congo, and Rwanda.

Source: The North Africa Journal April 29, 2018 00:11 UTC