‘World Bank-ISA Solar Risk Mitigation Initiative has mobilised $333 m’ |ForumIAS

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News: The World Bank has operationalised a Solar Risk Mitigation Initiative (SRMI) with $333 million for 22 African countries.

Facts:

Solar Risk Mitigation Initiative: It has been developed by the World Bank in partnership with Agence Française de Développement (AFD), International Renewable Energy Agency(IRENA) and International Solar Alliance (ISA).
Aim: To support countries in developing sustainable solar programs that will attract private investments and so reduce reliance on public finances.