Description
The OECD tracks adaptation finance to Africa from the following six foundations: Bill & Melinda Gates Foundation, McKnight Foundation, Children’s Investment Fund Foundation, David & Lucile Packard Foundation, Oak Foundation, and MAVA Foundation. Of these, the Bill & Melinda Gates Foundation delivered the most funding, including a USD 33.6 million grant in 2018 to the International Crops Research Institute for the Semi-Arid Tropics which aims to modernize Africa-focused dryland cereals and grain breeding.[1] Like ODA, funding from these organizations can de-risk adaptation activities, draw in private finance, and support technical capacity building.
Risk Appetite
Dynamic and expansive risk appetite.
Climate Mandate
Stronger mandate to embed climate change strategy in investment decisions; climate harming investments prohibited.
Ability to Raise Funds
Presence of legal/regulatory frameworks to embed climate change in investment decisions.
Flexibility to Deploy Funds
Full flexibility to determine policy mandates and deploy capital through any type of funding vehicle.
