The African Development Bank (AfDB) and the Nordic Development Fund (NDF) have signed a €5 million grant agreement in a bid to deal with climate change.

Aly Abou-Sabaa, AfDB’s Sector Operations Vice-President in charge of Governance, Agriculture and Human Development, signed the agreement on behalf of the Bank and ClimDev Africa partners and the Economic Commission for Africa. He noted that the projects to be funded would have a positive impact on the lives of beneficiaries and expressed gratitude to the Nordic people, underscoring the vivid significance for Africans. “This demonstrates your strong partnership with Africa,” he said.

NDF Managing Director Pasi Hellman described the protocol signing as positive move in its relations with the AfDB. “I am glad we have established co-financing and signed this accord,” Hellman said.

NDF is the joint development finance institution of the Nordic countries – Denmark, Finland, Iceland, Norway and Sweden. It provides financing for climate change interventions in low-income countries.