The African Development Bank Group, together with its partners including the Green Growth Knowledge Platform (GGKP), WWF, GIZ, IISD and other partners and with support by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the MAVA Foundation Launches the AfDB and GGKP Natural Capital for African Development Finance (NC4-ADF) Programme on mainstreaming natural capital in development financing in Africa.
Prof. Kevin Chika Urama, Senior Director, African Development Institute and OIC Chief Economists / Vice President – Economic Governance and Knowledge Management Complex, African Development Bank Group gave a keynote address at the launch of the Natural Capital for African Development Finance (NC4-ADF) Programme Launch, September 9, 2021, 13:00hrs to 13:15hrs UTC. The keynote address provided the business case for financing natural capital as an asset class, valuing natural capital, integrating natural capital assets in sovereign credit ratings of countries, and building capacity for natural capital accounting in African countries.
The e-event was attended by among others Mr. Niels Breyer, Executive Director of the AfDB representing Germany, Luxembourg, Portugal and Switzerland, German Federal Ministry for Economic Cooperation and Development (BMZ); H.E. Emília Fumo, Permanent Secretary, Ministry of Land and Environment, Mozambique; Rivosoa Rabenandrianina, Director-General for Sustainable Development, Ministry of Environment and Sustainable Development, Madagascar; Andre Hoffmann, President, MAVA Foundation (video recording); Alice Ruhweza, Director, Africa Region, WWF; Harsen Nyambe, Director, Blue Economy and Sustainable Environment, African Union Commission; Kate Newman, Vice President for Sustainable Infrastructure and Public Sector Initiatives, WWF-US; Willing Zvirevo, Director of Resource Mobilisation and Climate Finance, Infrastructure Development Bank of Zimbabwe (IDBZ); Laurent Some, Head of Policy and Partnerships, WWF Africa Region; Sanjay Srivastava, Practice Manager for Environment, Natural Resources and Blue Economy, West and Central Africa, The World Bank; Ben Simmons, Head, Green Growth Knowledge Platform (GGKP), co-hosted by UN Environment Programme (UNEP); Nathalie Bernasconi-Osterwalder, Executive Director and Senior Director, Economic Law and Policy, International Institute for Sustainable Development (IISD); Honorable Ministers, Executive Directors and the Senior Leadership of the African Development Bank Group, Representatives of International Organizations, the Natural Capital for African Development Finance (NC4-ADF) Program partners, Senior Representatives of Development Finance Institutions, Leaders of the Private sector, Civil Society, and Academia.
African Forum on Green Economy - Session 4: Natural Capital & Development Finance