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Fiji : ADB invests US$1.5 million in COP23 Assistance
Publish Date : 10-May-2017
In order to assist Fiji's Presidency of the 23rd Conference of the Parties (COP23) to the United Nations Framework Convention on Climate Change (UNFCCC) and join the Government of Fiji's COP23 Advisory Panel, the Asian Development Bank (ADB) will make an investment of US$1.5 million (FS3.15 million).
Stephen Groff, ADB's Vice President for East Asia, South East Asia, and the Pacific, said, "ADB's support for Fiji's Presidency of COP23 comes as ADB is doubling the total financing we provide for climate change to US$6 billion (F$i2.62bn) by 2020. ADB was also very pleased to have assisted Fiji in mobilising US$31 million (F$65.2 million) in grant financing from the Green Climate Fund (GCF) to improve water supply in Suva. This was among the very first round of proposals agreed by GCF."
The bank's contribution was warmly welcomed by Aiyaz Sayed-Khaiyum, Attorney-General, Minister for Economy, and Minister for Climate Change.
Mr Sayed-Khaiyum has met bank executives during the ADB annual general meetings being held in Yokohama, Japan.
He said, "As our Honourable Prime Minister and incoming COP23 President, Voreqe Bainimarama, has highlighted, COP23 will be critical to keep up the momentum for decisive action to reduce carbon emissions and arrest the current state of global warming. Fiji is pleased to extend an invitation to the ADB President to join the Advisory Panel for COP23, and appreciates ADB's valuable technical advice."
