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.
- 20/07/2018 - Launch Ceremony of Tunisia Drone Project financed by KOAFEC Trust Fund
- 20/07/2018 - Une prise de participation de 20 millions d'euros de la Banque africaine de développement pour faire émerger des multinationales africaines
- 20/07/2018 - SME’s will benefit from a US$20-million African Development Bank loan to Uganda Development Bank
- 20/07/2018 - Trade Finance: African Development Bank approves US$ 250-million Risk Participation Agreement with ABSA
- 20/07/2018 - Tanzania to receive US$ 123 million African Development Bank loan to finance power transmission line project
- 19/07/2018 - Africa50 Meeting: Kenyatta and Adesina call for accelerated private sector investment in infrastructure
- 19/07/2018 - African Development Bank and Portuguese-speaking countries sign declaration to spur economic development in Lusophone Africa
- 19/07/2018 - President Adesina in Kenya to Support Africa’s Investment Agenda