AMMAN —
The
Cities and Villages Development Bank (CVDB) participated in the activities
of the 27th Conference of the Parties to the UN Framework Convention on Climate
Change (COP27), according to the Jordan News Agency, Petra.
اضافة اعلان
The event, is
being held in Egypt’s Red Sea resort of Sharm El-Sheikh, where the
international community is discussing climate change issues and mechanisms to
move toward more efficient and sustainable economies.
CVDB works to
support efforts to transition to a green economy, especially in municipalities,
by providing banking and financial services, technical and environmental support,
and assistance for sustainability and equal opportunities.
In a statement
on Saturday, CVDB Director-General Osama Azzam said that the bank participates
in the conference hoping to obtain accreditation from the Green Climate Fund to
become the first approved entity in the region to obtain financing for national
projects related to climate change.
CVDB implemented
several projects, using digital governance, aimed to become a paperless bank,
Azzam said.
The CVDB
delegation attends funding activities due to their pivotal importance and link
to the bank’s work. Multiple topics were discussed, primarily covering
innovative and mixed finance, financial instruments, tools and policies that
enhance access to funding, the bank said in a statement.
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