Climate Finance Tracking at AfDB
There is wide agreement that rapid and successful deployment of international public finance is a critical first step in allowing developing countries to adapt to climate change. It is also widely recognized, in particular by developing countries, that there is a considerable need to track and report financial flows that support climate change mitigation and adaptation, to build trust and accountability with regard to climate finance commitments and to monitor trends and progress in climate-related investment.
A comprehensive picture of the climate finance landscape is critical to this end and, ultimately, a prerequisite for ensuring the effective and productive use of available financial resources.
Responding to this need, the AfDB developed its own climate finance tracking methodology while contributing to the development of a joint multilateral development bank methodology for the tracking of both adaptation and mitigation finance – with the AfDB leading the work on the adaptation methodology. Moreover, the AfDB has furthered the work by developing four sector-specific guidance manuals for transport, water, energy and agriculture, additional analytical work and contributing to the OECD discussions on refining the Rio Markers.
- 24/11/2017 - Launch of the First Enabling Youth Employment Index Report for Africa
- 23/11/2017 - AfDB supports Cameroon’s Economic reforms with €180 million loan
- 23/11/2017 - AfDB boosts African Agriculture and nutrition with US$ 10 million equity investment in Phatisa Food Fund
- 23/11/2017 - AfDB President expresses desire for pipeline of young talent in meeting with Young Professionals
- 23/11/2017 - Madagascar : la BAD approuve le Document de stratégie pays 2017-2021 en vue d’une transformation structurelle accélérée et d’une économie inclusive
- 22/11/2017 - La BAD accorde un prêt de 50 millions de dollars EU à la Société nationale industrielle et minière de Mauritanie (SNIM)
- 22/11/2017 - AfDB Group approves €122m loan for Tunisia road improvement Project
- 22/11/2017 - ALSF and Connex Support Initiative capacity building to strengthen corporate governance in the extractives sector