The African Development Bank and the Worldwide Fund for Nature , have launched a regional report on the performance of African countries under the Strategic Plan for BiodiversityAccording to a statement issued by the AfDB, the report highlights the important role that multilateral development banks can play in meeting biodiversity targets by providing advisory services, capacity building, market research, and linkages with other relevant partners.
He said, “For Africa, it is critical to adopt a framework with targets that will not only curb the loss of biodiversity but will enhance opportunities to improve the lives of many Africans, especially those depending on biodiversity for their survival, bearing in mind Africa‘s biodiversity priorities.”outlines a framework for action by all countries and stakeholders to safeguard biodiversity and the benefits it provides to people.
Vanessa Ushie, Acting Director of the African Development Bank’s African Natural Resources Management and Investment Centre, said: “There is a unique opportunity to finance the implementation of the post-2020 Global Biodiversity Framework in Africa, if we invest in natural capital and build an asset base of nature-sensitive investments that protect, restore, and make sustainable use of biodiversity and natural resources.