15/08/2024 | News release | Archived content
Public development banks like AFD and the Asian Development Bank (ADB), play a crucial role in financing resilience projects. They mobilize resources for capacity-building projects to help these countries mitigate the effects of climate change and other risks. As a result of the partnership between AFD and ADB, which has recently been consolidated, major initiatives are being financed in various critical sectors.
AFD and the Indian Institute for Human Settlements have joined forces to increase citywide resilience in Bangalore, India, via nature-based solutions (NBSs). This project is exploring how urban agriculture can contribute to ecosystem services (such as bee pollination) and social well-being, while improving food security. It is also looking at ways to expand sustainable urban agriculture practices by mobilizing support from various players in the sector. Find out more here.
AFD and the Centre-Val de Loire region have got behind the Dear Water II project to improve water access for rural communities in Luang Prabang, Laos. The project supports local authorities with ensuring the safety of the water supply, protecting springs and managing resources sustainably. It also involves installing water distribution systems, and developing a university program on water management. Find out more here.
AFD is supporting the Philippines with its reforms for low-carbon and resilient development. Despite its low greenhouse gas emissions (GHG), the country is especially vulnerable to natural disasters. The purpose of this program is to strengthen planning and financing for climate action, improve the resilience of populations and reduce GHG emissions from the energy and transportation sectors. It aims to promote a green economy, improve ecosystem management and reduce social and gender inequalities. Find out more here.
AFD is working with PT SMI, the Indonesian public financing bank, to finance infrastructure projects that directly contribute to the Sustainable Development Goals (SDGs) and climate action. Despite its rapid economic growth, Indonesia lacks sufficient infrastructure. The project aims to reduce emissions by at least 280,000 tCO₂ per year and protect over two million people from climate change. PT SMI will continue its transformation into a universal development bank, which supports ambitious SDG-based projects. Find out more here.
Pacific Islands Forum
The Pacific Islands Forum is working to foster cooperation between governments for greater stability, security and prosperity in the Pacific region. Its eighteen members are supporting projects to increase island communities' resilience to climate change and natural disasters.
Coalition for Disaster Resilient Infrastructure (CDRI)
The CDRI, launched by the Indian government, is a partnership formed between several countries and international organizations to promote resilient infrastructure. Its work focuses on governance, risk assessment, standards and regulations, as well as technological innovation.
ASEAN Catalytic Green Finance Facility (ACGF)
The ACGF is an initiative to develop technical cooperation, policy and regulatory frameworks, and co-financing for green projects. It aims to mobilize investment for sustainable projects in Southeast Asia.