CVDB takes part in COP27 activities in Egypt

1. COP27 1
(File photo: Jordan News)
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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