The Development Bank of Southern Africa (DBSA) said on 22 October that it has been awarded $55.6m of funding from the Green Climate Fund (GCF) to establish a R2bn ($150m) Climate Finance Facility (CFF). The DBSA will provide R650m and is in advanced discussions with a local institution for the balance. The GCF is a global fund set up as a funding mechanism of the United Nations Framework Convention on Climate Change to support developing countries in responding to climate change.
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