The Governor of the Central Bank of Egypt, Hassan Abdullah, revealed that the financing gap in the African continent to confront climate change reaches 88 percent.
In a speech during the opening of the annual meetings of the African Development Bank, in Sharm El-Sheikh, Abdullah said that in 2020, the volume of domestic and international financial flows allocated to confronting climate change in the African continent amounted to only about $30 billion, which does not exceed 12 percent percent of the volume of funding required, which reflects the size of the financing gap faced by the countries of the continent in this field.
Source (Al-Sharq Al-Awsat newspaper, edited)
