The African Development Bank, the government of the United Kingdom, and global insurers, AXA XL, Axis Specialty, and HDI Global Specialty, have closed on a new and innovative risk sharing transaction.
The Room to Run Sovereign transaction was structured with the intention of scaling up the African Development Bank Group’s commitments to climate finance by up to $2 billion.
It will play a major part in supporting African countries to meet their Nationally Determined Contributions (NDCs).
FULL ORIGINAL PUBLICATION HERE
