Ethiopia pushes for climate finance as CIF launches new resilience program
via The Reporter Ethiopia6 min read
Ethiopia is intensifying efforts to secure climate finance and advance green development, coinciding with the launch of a new resilience investment program by the Climate Investment Funds CIF at their Global Knowledge Exchange in Addis Ababa, running from April 27 to 30, 2026. Ahmed Shide, minister of Finance, highlighted climate action as central to Ethiopia's development agenda and emphasized the need for increased financing, noting current levels are insufficient. Priority areas include climate-resilient agriculture, water security, renewable energy, sustainable land management, and resilient urban systems. The event also marked the launch of CIF's Accelerating Resilience Investments and Innovations for Sustainable Economies ARISE program, offering up to USD 40 million per country or USD 50 million for regional programs, with applications open until June 8, 2026. Tariye Gbadegesin, CEO of CIF, stated ARISE aims to mobilize public and private finance and integrate resilience into national development strategies. Since 2008, CIF has invested over one billion dollars in resilience programs across more than 30 countries. Alex Mubiru, director-general for East Africa at the African Development Bank Group, pointed out Africa's vulnerability and underfunding, noting over USD 1.1 billion in CIF-backed projects across 28 African countries, leveraging around USD 10 billion in co-financing. Ethiopia is also a top candidate for a USD 250 million CIF funding window. Dawit Alemu, projec
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This summary was AI-generated from a story originally published by The Reporter Ethiopia.
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