The AFLDC-2 project mainly falls under the sector of natural and environmental resource management and agriculture, with an emphasis on chemical and waste management. In all target countries, the production of many pesticides containing regulated POPs has ceased, although marketing and use continue, particularly with regard to certain chemicals that have only recently been listed. In some African LDCs, stocks of POPs-containing pesticides have been built up in anticipation of the periodic outbreak of dangerous pests. Some of these stocks have deteriorated and become obsolete, posing dangers where safety controls are inadequate. The total cost of the project is estimated at only 21,300,000 USD (twenty-one million three hundred thousand United States dollars), excluding taxes and based on 2022 prices, with a base cost of around 0%, since this is a new thematic area for the Bank, with no previous experience in implementation. Consequently, the minimum estimate amounts to approximately USD 2,130,000, or 10% of local costs, and approximately USD 19,170,000, or 90% of foreign costs. 11 reference or key projects have been identified in the Bank's investment portfolio to co-finance the AFLDC-2 project. Thus, the total financing of the project comes from the GEF trust fund. The funds will be used to co-finance ADF loans and grants, and other grants already used to finance the reference/key projects identified in the 11 RMCs. The Bank's investment in the implementation of the AFLDC-2 project will take the form of co-financing, while the beneficiary countries will, in some cases, provide counterpart funding in kind. This project primarily contributes to climate mitigation results. As such, 100% of the total approved amount is attributed as climate finance, of which 100% is dedicated to mitigation.

Liberia

African Development Bank Group

Africa Sub-Saharan Africa Western Africa

Non-Renewable Energy Printing and Publishing Railways-Rail-Railroad Technology Hardware and Equipment Construction Energy-Power and Electrical Computer Hardwares and Consumables

02.12.2024

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