Against a backdrop of the ongoing COP28 climate talks, Monaco’s government has offered its support to the work of the Institut de la Francophonie pour le Développement Durable via a four-year financing accord.
In an official communiqué released on 4th December, the Monegasque government, which is being represented at COP28 in Dubai by Isabelle Berro-Amadeï, Minister of Foreign Affairs and Cooperation, announced that a finance-based agreement had been signed with the Institut de la Francophonie pour le Développement Durable (IFDD), or the Institute of La Francophonie for Sustainable Development in English.
According to a government spokesperson, the agreement “aims to support and strengthen the capacities of French-speaking actors in mobilising international funding”.
It will enter into force on 1st January 2024 and continue until 1st February 2028.
The IFDD is a branch of the Organisation Internationale de la Francophonie (OIF) that represents the interests of countries and regions where French is the official or customary language, or where “a significant proportion of the population are francophones, or where there is a notable affiliation with French culture”.
“The OIF, through its subsidiary body, the IFDD, would like to warmly thank the Government of Monaco for its contribution, which will help to develop and to promote a unique key instrument and facilitator for access to sustainable finance,” said a representative for the OIF following the signing.
“Aware that this issue constitutes a major challenge for the full implementation of the Paris Agreement, the Principality of Monaco welcomes the extension of its partnership with the IFDD, with a view to supporting French-speaking stakeholders in their access to climate finance,” concluded a spokesperson for the Monegasque government.
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Photo source: IFDD / Facebook