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UK pledges £200 million for climate-resilient infrastructure in Africa and Asia
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The UK announced £200 million over four years for climate-resilient infrastructure in emerging economies in Africa and Asia. Foreign Secretary Ed Miliband announced the investment at the COP31 electrification summit in Antalya on November 11. The money is to go through the Private Infrastructure Development Group.
Miliband estimated that the investment could help draw about US$1 billion a year in private capital. The speech did not identify individual projects, country allocations or a payment timetable.
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