The Bank’s Strategy for 2013-2022 aims to improve the quality of Africa’s growth and is built around two objectives. The first is to achieve growth that is more inclusive, leading not just to equality of treatment and opportunity but to deep reductions in poverty and a correspondingly large increase in jobs. The second objective is to ensure that inclusive growth is sustainable, by helping Africa gradually transition to “green growth” that will protect livelihoods, improve water, energy and food security, promote the sustainable use of natural resources and spur innovation, job creation and economic development. Priorities in reaching green growth include building resilience to climate shocks, providing sustainable infrastructure, creating ecosystem services and making efficient and sustainable use of natural resources (particularly water, which is central to growth but most affected by climate change).
The AfDB Green Bond program facilitates the achievement of the Bank’s corporate priority of green growth through the financing of eligible climate change projects. Investors can make a difference with their investment by financing climate change solutions through AfDB’s Green Bonds.
An amount equal to the net proceeds of AfDB’s Green Bonds are initially allocated to a sub-portfolio within the Treasury’s liquidity portfolio. As and when eligible projects begin to disburse, Green Bond proceeds in the liquidity portfolio are then allocated to the loan pools containing the disbursing green projects.
- 20/09/2017 - Reports show greater finance needed to close the electricity and clean cooking access gap by 2030
- 20/09/2017 - WWF partners with AfDB on the Africa Nationally Determined Contributions Hub
- 19/09/2017 - Agriculture sector financiers resolute on cushioning farmers against climate change
- 13/09/2017 - Multilateral development banks increase financing to tackle climate challenge
- 07/09/2017 - The frontier for climate resilience begins with smallholder farmers
- 05/09/2017 - AfDB approves US $55-million (including US$ 7 million from GEF) loan for three Solar PV Projects in Egypt
- 04/09/2017 - Unlocking capital flows for forest development in Africa
- 19/08/2017 - AfDB President makes clarion call for action on challenges hampering growth at 37th SADC Heads of State Summit
- 01/08/2017 - AMCOMET-Africa Hydromet Forum 2017
- 19/07/2017 - Tanzania wins US$21.7 million from Climate Investment Funds to advance geothermal exploration and transform its energy sector
- 10/07/2017 - Africa Climate Change Fund launches second call for proposals
- 07/07/2017 - AfDB approves US$1 million emergency relief grant to drought victims in Kenya
- 03/07/2017 - Morocco secures US $25 million loan from the Clean Technology Fund for hybrid solar project
- 30/06/2017 - Le Conseil d’administration de la BAD approuve le document de stratégie pays, 2017-2021 pour la Tunisie
- 29/06/2017 - AfDB approves SEFA contribution for Green Mini-Grid Market Development Program to scale-up energy access in Africa
AfDB Second Opinion - CICERO (519 kB)
Synopsis of GBP alignment (476 kB)