Rwanda, situated in the heart of #Africa, is highly vulnerable to #ClimateChange. The country is already experiencing challenges with more intense rainfall, shifting seasonal temperatures, droughts and landslides. As a solution, Rwanda has set ambitious climate goals to achieve low-carbon emission and a climate resilient economy. Last week, the Green Climate Fund approved funding for Rwanda Green Investment Facility (RGIF) of USD 42.8 million. ๐ The RGIF is an initiative fro...m the Ministry of Environment - Rwanda, the Rwanda Green Fund and the Development Bank of Rwanda "BRD" PLC to mobilise resources to support the country achieving its NDC targets. NDF has supported together with the African Development Bank Group the design of the Facility. The RGIF will support reduction of the risks associated with private sector projects in climate change mitigation and adaptation by offering grants, reimbursable grants and loans to sectors prioritised by #Rwanda including renewable energy, climate-smart agriculture, water-efficient systems, green buildings, and clean transportation. Read more ๐https://www.greenclimate.fund/project/fp221 #ClimateFinance #SustainableDevelopment #BlendedFinance