Mozambique has received guarantees of support in financial and material resources to continue to strengthen its capacity for climate adaptation, mitigation and resilience, President of the Republic Filipe Nyusi said on his return to Maputo from the COP27 in Sham el Sheikh, Egypt, where he participated in several high-level meetings.
At the press conference organised to take stock of Mozambique’s COP27 participation, the head of state reported on the results, announcing, by way of illustration, that the International Finance Corporation (IFC) (the World Bank Group’s private finance arm) would channel US$120 million to finance the Temane power line project.
Also in this context, the head of state reported that the World Food Program (WFP) gave assurances that it will continue to support Mozambique with a financial project of about US$20 million for the displaced, including equipment or materials for the implementation of resilience building projects, food production and fishing activities.
Multilaterally, the African Development Bank (AfDB) said that it intends to mobilize, by 2050, around US$800 million for integrated initiatives in the field of clean energy.
For its part, the World Bank, according to President Nyusi, intends to mobilize US$6 billion for countries which set up sustainable projects aimed at carbon markets. And the United Nations, in turn, has pledged to make about US$3.5 million available for climate early warning systems in developing countries.
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