Italian Climate Fund invests €100m in BOAD's hybrid bond for West African renewable energy projects.

The Italian Climate Fund, part of Italy's Ministry of Environment and Energy Security, invested €100m in BOAD's (West African Development Bank) first-ever hybrid bond for climate change mitigation. The funds will be used to finance renewable energy projects in eight West African countries and enhance BOAD's capital structure. This move aligns with G20 recommendations to strengthen multilateral development banks' investment capacity.

August 05, 2024
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