Last November, the African Development Bank launched the African Green Bank initiative to support the implementation of Nationally Determined Contributions (NDCs) in African countries that continue to face major challenges to finance their climate transition.

The National Investment Bank in Côte d'Ivoire (BNI) and the Caisse des Dépôts et Consignations du Bénin (CDC Benin) will be the first African public institutions to benefit from the first financing facilities Green from the African Green Bank, an innovative initiative that the African Development Bank is preparing to deploy. In fact, the World Bank is stimulating global support by promoting resilient, green, and sustainable growth, in addition to providing fiscal resources to

The African Green Bank initiative was designed as part of measures to facilitate access to global finance, which would increase from the current 3% to 10% per year by 2030. It was launched following an evaluation carried out by the African Development Bank and the Climate Investment Funds in six African countries. These are Benin, Ghana, Mozambique, Tunisia, Uganda and Zambia.