Major international financial institutions and partners announced a cooperative approach to facilitate public-private partnership, scale-up climate finance and crowd in private climate investment that will mobilise an additional EUR 300 million to build climate resilience in Rwanda. “The partnership we have announced today represents a transformational shift in the provision of climate finance and is a vote of confidence in Rwanda’s long-term climate action strategy. Partners have also committed to support Rwanda’s capacity development initiatives, and help attract and better manage further climate capital. To further underpin the creation of private green assets in Rwanda, Ireme Invest private stakeholders will also directly contribute EUR 130 million equivalent in own private equity. This unique collaboration between the Government of Rwanda and international partners exemplifies the power of partnerships in tackling pressing global challenges.

Source: News Business Ethiopia June 23, 2023 06:59 UTC