Delegates Highlight Unacceptable Burden Economic Crises, Conflicts Place on Young People, as Third Committee Discusses Children’s Rights

Briefing the committee, Virginia Gamba, Special Representative of the Secretary General for Children and Armed Conflict, said that 24,000 grave violations committed against children were recorded in 2021 and that the abduction of girls has increased by 40 per cent. She highlighted her Office’s proposal to integrate all existing initiatives related to children and armed conflict into a comprehensive international framework, underlining the importance of reintegrating child soldiers into society. In the ensuing interactive dialogue, many delegates condemned the aggression of the Russian Federation in Ukraine, while the representative of…

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African Development Bank offers SA a financing deal to raise $41bn

By Eric Martin and Antony Sguazzin, Bloomberg, September 23, 2022 Original story : https://www.bloomberg.com/news/articles/2022-09-23/afdb-offers-south-africa-a-financing-deal-to-raise-41-billion(link is external) The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest nations to raise even more funds. The AfDB has recommended that South Africa Park the funds in a special purpose vehicle, bank President Akinwumi Adesina. The SPV, which can seek a credit rating, can sell zero-coupon bonds to raise as much as $41 billion,…

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African Development Bank launches new tools for SMEs to tap opportunities for green investment

The African Development Bank has released a series of toolkits to assist small and medium enterprises in tapping green investment opportunities contained in countries’ Nationally Determined Contributions (NDCs) under the Paris Agreement. The toolkits, released under the Bank’s Private Sector Investment Initiative for NDCs, were launched on the sidelines of Africa Climate Week, which took place in Libreville, Gabon, from 29 August to 2 September. The package comprises toolkits on climate risk screening and opportunity assessment tool, business carbon footprint tool, and a guidance note on mainstreaming climate and green…

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