A project agreement has been signed in the margins of the COP26 meeting in Glasgow to green-light a USD 82.8 million GCF investment in support of the Great Green Wall.
GCF and IFAD have today signed the agreement for the “Africa Integrated Climate Risk Management Programme: Building the resilience of smallholder farmers to climate change impacts in 7 Sahelian Countries of the Great Green Wall (GGW)”
“Small-scale farmers urgently need investments to adapt to the impacts of climate change, especially in the Sahel region where their lives and livelihoods are under enormous threat. With financial support, infrastructure and access to technology, we can help create a new generation of climate -resilient farmers and rural communities in the Sahel,” said Gilbert F. Houngbo, President of IFAD.
GCF Executive Director, Yannick Glemarec stated: “Our partnership with IFAD will help build the Great Green Wall to ensure vulnerable rural communities in Africa can shape their own futures in a warming world. GCF’s USD 82.8 million investment will enhance climate resilience in the Sahel by helping smallholder farmers access agricultural insurance and strengthen climate weather information services.”