Social Bonds Program 

The AfDB Social Bond Framework

The AfDB is launching a Social Bond Program, focusing on meeting the critical development challenges that Africa is facing and that are at the heart of its social mandate, while simultaneously responding to increasing demand for investments that have significant social impact and promote greater transparency in terms of use of funds.
This document serves as AfDB’s framework for issuing debt instruments within the context of the aforementioned Social Bond Program.

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Sustainalytics Second Opinion

The African Development Bank has engaged Sustainalytics to act as an Independent Reviewer and Provider of Second Opinion on its Social Bond Framework, to confirm its alignment both with AfDB’s sustainability objectives and the key features of the Social Bond Principles.

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