AfDB - African Development Bank Gro
$20,000,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Canada
- Fiscal year
- 2011-2012
- Agreement period
- March 26, 2012 – March 31, 2014
- Project status
- Closed
- Reference
- CA-3-A035427001
Published purpose
The project aims to contribute to the Fund, managed by the African Development Bank, that has the twin goals of reducing poverty and addressing climate change through reducing, slowing and eventually reversing the rate of deforestation in the Congo Basin region. Around 80 million inhabitants of the Congo Basin, in particular vulnerable groups (women, indigenous peoples groups), are the main beneficiaries of the Fund. Proposed projects, selected through calls for proposals, need to be aligned with the Central African Forest Commission (COMIFAC) Action Plan and demonstrate how the proposed activities respond to poverty alleviation and ensure that people living in or close to forests can obtain increased and sustained benefits from a more valuable intact forest compared to a degraded or destroyed forest.
In plain English AI-generated
This contribution supports a fund managed by the African Development Bank to reduce poverty and address climate change by slowing deforestation in the Congo Basin, benefiting local populations including vulnerable groups.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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