The African Development Bank Group (AfDB), the Green Growth Knowledge Platform and other partners are launching a new initiative on September 9, 2021. It focuses on the integration of natural capital in the financing of development in Africa.

The Natural capital for African development finance (NC4-ADF) Program, which spans the period 2020-2022, aims to mainstream natural capital approaches in financing development in Africa. This initiative is supported by the World Wide Fund for Nature (Wwf), the German Federal Ministry for Economic Cooperation and Development (BMZ) through its dedicated agency (Deutsche Gesellschaft für Internationale Zusammenarbeit, GIZ), the United Nations Program for Environment (UNEP), the Mawa Foundation, the International Institute for Sustainable Development (Iisd) and the Economics for Nature (E4N) partnership. September 9 will be an opportunity for the various participants to discuss the means of establishing a common vision taking natural capital into account, particularly in the development projects and programs of multilateral development institutions. They will share best practices for integrating natural capital into the architecture of development finance. Another topic of discussion will also focus on ways to get rating agencies to integrate green growth and natural capital considerations into sovereign risk and credit ratings of African countries.