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ADF grants $4.3m to integrate natural capital into development financing in 13 African countries
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Ghana Business News
The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group (AfDB), has approved a grant of $4.23 million to implement the second phase of a project to integrate natural capital into development financing in Africa.
The project covers13 countries: Burundi, Cameroon, the Central African Republic, the Democratic Republic of Congo, Ghana, Côte d’Ivoire, Kenya, Mozambique, Rwanda, Tanzania, Togo, Zambia, and Zimbabwe, according to its release shared with Ghana News Agency.
The various participating countries will also play a part in contributions to the project.
The project is scheduled for implementation between October 2026 and September 2029 and is expected to generate outputs in the areas of policy, statistics, institutions, and knowledge that will contribute to better integration of natural capital into development planning.
The strategy aims to strengthen policy-making systems, statistical systems, institutional frameworks, and knowledge-generation mechanisms needed by the regional member countries participating in the project and the African Development Bank Group to assess natural capital and incorporate it into public policy-making.