The project includes building climate resilient livelihoods, protecting communities from sea level rise and other life-threatening climate change impacts A press statement from the EPA says the Global Environment Facility (GEF) approved Wednesday, June 3, US$8.9 million in new grant funding from the Least Developed Countries Fund (LDCF) for the coastal resilience project that would also rehabilitate 20,000 hectares of degraded coastal habitats.
The seven-year project brings together co-financing and support from a number of sources. The United States Agency for International Development will provide US$28 million in co-finance, while the World Bank will provide US$15 million, and Conservation International will provide US$500,000 of in-kind contributions through ongoing work in Liberia and West Africa. It also builds on earlier and ongoing projects funded by the GEF and the Green Climate Fund.
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