Libreville, Jan 23.- The government of Gabon joined the Africa Adaptation Initiative (AAI), created to implement measures to deal with losses and damages in Africa, the national press reported today.
The agreement to manage the contribution of Gabon to the operation of the AAI was signed by the Minister of Economy, Prospective and Programming for Development, Régis Immongault, and the Resident Representative of the United Nations Development Program (UNDP), Stephen Jackson.
According to the Gabonnews website, it is a contribution of $ 500,000 previously announced by Gabonese President Ali Bongo Ondimba at the One Planet Summit held in Paris last December to support the AAI.
The initiative, launched in December 2015, aims to strengthen adaptation actions, with the aim of closing the financial gap for adaptation, and to implement measures to deal with losses and damages in the continent.
This option represents a bold and innovative step for Africa to boost the support needed to significantly expand adaptation with an initial focus on strengthening action by 2020, pointed out Jackson.
Through the signature, Gabon entrusts UNDP with the management of this fund in order to mobilize the necessary resources to implement the work plan of the AAI.
The overall objective through UNDP assistance is to support the mobilization of resources so that the Initiative can fulfill its mission. (Prensa Latina)