Wednesday, September 19, 2012

Ethiopia: Govt Launches Green Economic Funding Facilit

(Sept 19, 2012, Afrik-News)--The Climate Resilient Green Economy Facility (CRGEF) was launched on September 10, 2012, with the intent of supporting the government’s vision of attaining a middle income economy with low carbon growth by 2025.

The facility, an initiative of the government, is a financing mechanism aimed at mobilizing, accessing and combining both local and international public resources in the form of money to support Ethiopia’s climate resilient green economy,which was launched in 2011.

The launching was attended by Ahmed Shide, state minister for Finance and Economic Development (MoFED), Tewoldeberhan Gebreegziabher, director general of the Ethiopian Environmental Authority (EPA), Alessandra Tisot, UNDP country director, and UK ambassador Greg Dory.

Ministries, civil society, private sector, public sectors and the community at large will be in a position to access loans or grants under the facility by coming up with environment friendly projects and proposals through concerned ministries, which will submit them to MoFED for approval by the Facility’s managing committee. Read more from Afrik News »

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