Development of Mali’s Environment and Climate Finance Strategy
In Mali over 80% of the population relies on agriculture, livestock or fisheries, which are highly vulnerable to the impacts of climate change, including drought and desertification, increasing risks of food crises and insecurity. Cost-effective solutions and policy options for reducing these risks exist, but require financing, technical expertise, and coordination.
Working with the Agency for Environment and Sustainable Development, Cowater is pleased to commence a study, funded by the African Development Bank, to develop a climate and environment financing strategy for Mali. This study directly supports the vision adopted by Mali’s Ministry of Environment and Sanitation to contribute to reducing environmental degradation, promote the participation of the environmental sector in the national economy, and support the socio-economic well-being of populations in the fight against poverty and for adaptation/mitigation to climate change.
The objectives are to:
- Establish an exhaustive map of the mechanisms and opportunities for mobilizing resources – including national and international, financial and non-financial, innovative and private – according to relevant criteria (eligibility, potential, accessibility, conditionality, etc.);
- Assess the financing needs for the environment and sustainable development in Mali over the period of covered (2018-2022);
- Define a coordination mechanism to ensure sustainable financing of environmental and sustainable development in Mali.
This study will set the groundwork for Mali to access financial and technical support for the implementation of their national plan of action, and coordinate actions to improve the resilience of communities in urban and rural areas.
Related Content
Planting the seeds of resilience across Africa’s drylands
Mark Redwood, Executive Director, SPARC and Laure Tankpinou, Project Director The drylands of Africa are experiencing a series of compounded development challenges, including high levels of poverty, precarious livelihoods, protracted […]
Shaping a greener and more resilient world
Environmental degradation and climate change are disproportionately affecting the most vulnerable people through an impact on food systems, natural resources, human health, and livelihoods. Cowater International collaborates with a wide […]
New environmental assessment platform developed by MEGAM project for Peru’s Ministry of Environment
In August 2018, Peru’s Ministry of Environment, through its National Service for Environmental Certification (SENACE), launched an online platform which will modernise how it conducts environmental assessments and certifications. The […]
