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Home > News > From COP 22 to COP 26, the Congo Basin Blue Fund is definitely launched

Published November 03, 2021 / Environment

From COP 22 to COP 26, the Congo Basin Blue Fund is definitely launched

20211103-COP26-FT-JYO-DSN

On November 3, the Blue Fund for the Congo Basin pavilion had a festive air in Hall 5 of COP 26 in Glasgow. It welcomed Mr Denis Sassou NGuesso, President of the Republic of Congo and Chairman of the Congo Basin Climate Commission (CBCC), and Mr Félix Tshisekedi, President of the Democratic Republic of Congo and Chairman of the African Union.

Caption: Presidents Tshisekedi and Sassou N'Guesso celebrate the operationalisation of the Congo Basin Blue Fund with Jean-Yves Ollivier, Founding Chairman of the Brazzaville Foundation. The latter had conceived the project in 2016, which was presented by President Sassou N'Guesso at the Action Summit during the COP 22 in Marrakech, © CBCC.

The two leaders, accompanied by several ministers, including Mrs. Eve Bazaiba, Vice Prime Minister of the DRC and Minister of the Environment, and Mrs. Rosalie Matondo, Minister of Forest Economy in Brazzaville, attended a presentation co-hosted by Mrs. Arlette Soudan Nonault, Minister of the Environment, Sustainable Development and the Congo Basin, of the Republic of Congo, and Technical Coordinator of CBCC and by Mr. Patrice Lefeu, in charge of the file for the EY Innpact consortium which has done the prefiguration work of the Congo Basin Blue Fund. Patrice Lefeu, in charge of the file for the EY Innpact consortium which carried out the prefiguration work of the Congo Basin Blue Fund.

 

Watch the replay by clicking here.

Caption: H.E. Macky Sall, President of the Republic of Senegal and of the African Union, and António Guterres, Secretary General of the United Nations, during the COP27, © United Nations Climate Change Conference.

Backed by the Kingdom of Morocco, this African development fund is supported by 16 Central and East African countries, all members of CBCC. Since the end of September, it has been hosted and managed by the Banque de développement des États de l'Afrique centrale (BDEAC). It aims to promote regional integration and the well-being of populations, by meeting climate challenges on a continental and global scale, through the financing of a pipeline of 254 projects based on the principles of the green and blue economy, in each of the countries involved in its governance. For further information the Blue Fund website.

 

Jean-Yves Ollivier, Founding Chairman of the Brazzaville Foundation attended the presentation. Appointed Goodwill Ambassador for the Congo Basin Blue Fund by the summit of the Heads of State of CBCC in 2018, he was pleased to see the initial proposal for the creation of the fund, which he coordinated and carried in 2016, transformed, five years later, into a concrete and efficient solution for the 16 member countries of CBCC.