During the launch workshop of the African Development Bank 2023 Country Focus Report for Mali, the Malian private sector learned of investment opportunities to be seized in the context of financing for climate and green growth.
The report reviews recent macroeconomic and financial developments and prospects, private sector financing for climate and green growth, and harnessing natural capital as a complementary financing option. However, despite its very low contribution to global greenhouse gas emissions at 0.06%, Mali is one of the countries most vulnerable to climate hazards . Mali's Nationally Determined Contribution estimates its financing needs to address climate change at $15.3 billion over the period 2020-2030.Private sector financial flows for climate and green growth are weak, amounting to $33.3 million on average from 2019-2020 and are ten times less than public sector finance .
Sanou highlighted the importance of Mali's 2023 Country Focus Report, which provides Malian policymakers with the tools they need to play an active role in the upcoming United Nations Climate Change Conference ."The African Development Bank has financed many green projects in Mali," he said. The Minister of Environment, Sanitation and Sustainable Development; the Secretary-General of the Ministry of Energy and Water; private sector actors, including the National Employers' Council of Mali; and technical and financial partners, including the International Monetary Fund, the World Bank and the European Union attended the launch of the report.).
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