Browsing: funding in Kenya

  • The World Bank Board of Directors has approved a US$150 million to support locally-led climate resilience projects in all rural wards in Kenya
  • The program’s development objective is to deliver locally-led climate resilience actions

The World Bank Board of Directors has approved a US$150 million International Development Association (IDA) credit to support community identified and locally-led climate resilience projects in all rural wards in Kenya.

In a statement, the organization says the resources will be channelled through the new Financing Locally–Led Climate Action (FLLoCA) Program.

The program’s development objective is to deliver locally-led climate resilience actions and strengthen county and national governments’ capacity to manage climate risks.

“Kenya has demonstrated leadership in establishing a policy framework to manage climate risk though climate action is still underfunded.” said Keith Hansen, World Bank Country Director for Kenya.

“This financing will support the Government of Kenya meet its climate commitments to increase financing …