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AFDB secures $151m for African Horn climate resilience
Published in Amwal Al Ghad on 03 - 09 - 2024

div class="content user-select-text" tabindex="0" aria-description="" aria-label="Sent by Copilot: **Turkey Seeks BRICS Membership to Expand Global Influence** Turkey has formally applied to join the BRICS group of emerging-market nations, aiming to enhance its global influence and establish new ties beyond its traditional Western allies. President Recep Tayyip Erdogan's administration views the geopolitical center of gravity as shifting away from developed economies. This diplomatic push reflects Turkey's aspirations to cultivate relationships in a multipolar world while maintaining its commitments as a key NATO member. Frustrated by the lack of progress in its bid to join the European Union, Turkey submitted its BRICS application months ago. The move also stems from rifts with NATO members after Turkey maintained close ties with Russia following its 2022 invasion of Ukraine. Erdogan emphasized the importance of balancing relations with both the East and the West, stating, "Turkey can become a strong, prosperous, prestigious, and effective country if it improves its relations with the East and the West simultaneously." The BRICS group, which includes Brazil, Russia, India, China, and South Africa, recently expanded to include Iran, the UAE, Ethiopia, and Egypt. Further enlargement, potentially including Turkey, may be discussed at a summit in Kazan, Russia, from October 22-24. BRICS positions itself as an alternative to Western-dominated institutions like the World Bank and IMF, offering new members access to financing and broader political and trading relationships. Turkey believes BRICS membership could enhance economic cooperation with Russia and China and position it as a trade conduit between the EU and Asia. Despite this, Turkey continues efforts to rejuvenate EU membership talks, which remain a strategic target. Foreign Minister Hakan Fidan highlighted the importance of BRICS in diversifying global economic approaches and identities. --- Would you like more details on any specific aspect of Turkey's BRICS application or its broader diplomatic efforts?"
The Green Climate Fund has approved $151 million to fund a major resilience programme led by the African Development Bank (AFDB) to combat climate vulnerability in the Horn of Africa.
The funding, approved at the Fund's 39th Board meeting, includes a $90.7 million grant and a $60.3 million loan.
The Building Climate Resilience for Food and Livelihoods in the Horn of Africa program aims to benefit 4.6 million people across Djibouti, Somalia, Kenya, Ethiopia, and South Sudan.
The programme will focus on sustainable land management, climate-smart technologies, renewable energy, and capacity-building initiatives.
Over the project's 25-year duration, it is expected to sequester 14.1 metric tons of carbon dioxide equivalent, reducing emissions equal to those of 600,000 cars.
The African Development Bank will oversee the programme, set to begin in early 2025, with implementation by the five target countries' finance and agriculture ministries over six years.


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