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Which African country is the first to enter ‘Results Based Payment Agreement’?

[A] Egypt
[B] Gabon
[C] Kenya
[D] South Africa

Correct Answer: B [Gabon]

Gabon hosted the Africa Climate Week became the first African country to receive payments for conserving its forests.
It is the second-most forest-dense country in the world and it harnesses this resource by protecting its forests and generating carbon credits. Gabon received $17 million from Norway in June 2021. The deal, known as a Results Based Payment Agreement, was facilitated by the Central African Forest Initiative (CAFI), a part of UNDP.

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