Advocate for Grant-Based Financing- A Strategic Policy Recommendation for European Commision and European Investment Bank
Executive Summary The European Investment Bank’s (EIB) concessional loan-based climate financing model under the Green Climate Fund is inefficient in addressing African Union’s(AU) climate change goals and exacerbates Africa’s debt crisis. Loan-based financing undermines the solvency and social stability of African nations, reduces the effectiveness of aid to achieve climate
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