Climate Change

13-May-2008

Managing New Threats to Sustain Momentum - AfDB President Donald Kaberuka

Event: 2008 AfDB Annual Meetings Opening Session This Assembly, and its organs, have a packed agenda. We have, important statutory matters to consider; beginning with a review of the Bank’s operational and financial performance as well as its delivery. But this is also a privileged moment to step back, and assess the economic condition of the continent and determine what together we can do, to accelerate progress on the ground. At my first Annual Meeting in Ouagadougou, May 2006, I indicated to you my intention to set up a High Level Panel of Eminent Persons to help us with an...
04-Apr-2008

Interview with Mr. Thomas Hurley, AfDB Human Development Director

"Poor developing countries are most vulnerable to climate change"   The AfDB will strengthen support to its regional member countries to cope with the threats posed by climate change . It will further strengthen key features of their public health systems such as the control of neglected tropical diseases, primary health care (including clean water, environment and sanitation) and enhance women’s and vulnerable groups’ welfare, says the AfDB Human Development Director, Mr. Thomas Hurley, in an interview on the occasion of the celebration of World Health Day. Question: What are...
13-Dec-2007

Record Level of Support for the African Development Fund (ADF)

London, 11 December 2007 – Representatives from donor countries agreed today to a record level of support for the African Development Fund (ADF), the soft window of the African Development Bank.  Over the next three years (2008-2010), the total resources available to the ADF will reach US$ 8.9 billion, an increase of 52% over the 2005-2007 period. Representatives endorsed the focus of the ADF on infrastructure, governance and regional integration, major constraints to growth and poverty reduction in Africa and areas where the ADF has extensive experience and a good track record....
09-Dec-2007

Working Paper 89 - Come Rain or Shine - Integrating Climate Risk Management into African Development Bank Operations

Climate change Climate change is happening now, and further changes during the next decades are inevitable (IPCC, 2007a). During the last century, the global climate warmed by about 0.7°C. At the same time, there were distinct changes in rainfall patterns, an increase in both frequency and severity of extreme weather events, and a rise in sea levels. The impacts of these changes are already being felt, and will intensify as further changes take place. Another 2–4°C rise is projected for the current century, mostly as a result of greenhouse gases that have already been emitted. This means...
04-Oct-2007

The African Economy Fifty Years After Independence - AfDB President Donald Kaberuka

Event: Bank of Uganda 2007 Joseph Mubiru Memorial Lecture In 1966, at only 37 years of age, Joseph Mubiru ascended to the heavy responsibilities to lead the Bank of Uganda. What is not widely known is that a few years earlier he had been instrumental in the work of the “Committee of Nine”, tasked by African leaders to establish the African Development Bank in 1964. Governor Mubiru laid strong foundations of a Central Bank, which today continues to preserve and, indeed, enhance the very high standards in the conduct of monetary policy and the regulation of the financial sector. These are...
14-Mar-2007

Development banks urge partnership with private sector on climate change and set up working group on Fragile States

Multilateral Development Banks urged public and private institutions to work together more closely to meet future energy needs and combat climate change.  "Only in the context of a genuine public-private partnership can we create the conditions for investments that will meet the world’s demands for energy in an environmentally sustainable way", the heads of the MDBs and the International Monetary Fund said on Tuesday. The heads of the MDBs – the African Development Bank, the Asian Development Bank, the Inter-American Development Bank, the European Bank for Reconstruction and...
29-Jan-2007

AfDB Participates in World Economic Forum 2007

The Bank last week participated in the World Economic Forum in Davos, Switzerland. The forum brought together many global economic and political leaders and focused on issues such as increased competition over access to oil and natural gas, climate change, the fight against terrorism, globalization, trade and Africa.  Representing the Bank, President Donald Kaberuka, participated in a brainstorming session on the Global Health Initiative that sought ways to mobilize private businesses in the fight against HIV/AIDS.  The meeting, which was designed for chief executives and...
01-Jan-2000

Clean Energy Investment Framework for Africa: Role of the AfDB

Climate change has emerged as an increasingly serious threat to sustained economic growth and poverty reduction, the quality of life, and political stability in the world. In the last two years, two compelling reports – the 2007 Fourth Assessment Report (AR4) of the Intergovernmental Panel on Climate Change (IPCC) and the Stern Review – have shed light on the phenomenon, its most likely driving factors, and the risks and challenges that it presents. AR4 presents consensus empirical evidence of near-certain cause-and-effect linkages between human socio-economic activities and greenhouse gases...