The Government of Canada and the African Development Bank have signed an agreement formalising the Canada-African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change related projects with a strong gender-responsive component.

The fund will be capitalised through a combination of a CAD 122.9 million ($104.8 million) repayable contribution, aimed at providing concessional loans for both sovereign and non-sovereign op...