First Regional Implementing Entity Accredited at the AFB's 14th Meeting

Bonn, June 22, 2011 - The Adaptation Fund Board has decided to accredit the National Environment Fund (FNE) of Benin as the fourth National Implementing Entity and the West African Development Bank (BOAD) as the first Regional Implementing Entity, hence reinforcing the direct access modality it is promoting. The Board has also approved grant funding for concrete climate change adaptation projects from three Asian developing countries, with total value of US$ 17.4 Million.