African Development Bank Scales Up Support for Resilience, Women's Empowerment, and Climate Action through Three New Financing Agreements in Mauritania
Mauritania, May 29 -- The Islamic Republic of Mauritania and the African Development Bank have signed three new financing agreements totaling nearly $30 million to boost climate resilience, improve sustainable water resource management, and promote women's entrepreneurship. The agreements were signed on Wednesday on the sidelines of the Bank's 2025 Annual Meetings in Abidjan, Cote d'Ivoire.The first agreement, a $9.32 million grant from the Climate Action Window of the African Development Fund, targets gender-sensitive agriculture and women's entrepreneurship. The funds will support women-led cooperatives by financing the development and equipping of market garden perimeters. The initiative is expected to boost incomes, improve food securit...
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