Our Strategy
The African Development Bank (AfDB) has shown its commitment to help the continent cope with climate change. In 2009, the Bank Group developed its Strategy of Climate Risk Management and Adaptation (CRMA).
This strategy calls for increased support for capacity building of African countries to tackle climate change risks. It also ensures that all investments financed by the Bank are “climate-proof", meaning that they are designed, installed, implemented and managed to reduce to a minimal level the adverse effects of climate change, with the most cost-effective ratio as possible.
These strategies are spelt out in a comprehensive action plan, which includes investments of almost USD 8 billion by 2015.
The plan’s purpose is to reduce the continent's vulnerability to climate change and sustain the change to economies producing less greenhouse gas (GHG). The plan banks on AfDB resources but also on the contribution of its partners, multilateral and bilateral institutions, and the private sector.
Resources
- 19/06/2018 - African Development Bank invests in Sudan agribusiness
- 19/06/2018 - African Development Bank joins Global Infrastructure Facility as Technical Partner
- 19/06/2018 - La prévention des conflits pourrait faire économiser de 5 à 70 milliards de dollars, selon une étude présentée à la Banque africaine de développement
- 15/06/2018 - Côte d'Ivoire: African Development Bank to help mobilize over CFAF 15 billion to finance pay-as-you-go solar home systems
- 13/06/2018 - Promoting food security: African Development Bank approves US$ 15m equity investment in Africa Food Security Fund to boost agri-business in Africa
- 13/06/2018 - MDB climate finance hit record high of US$ 35.2 billion in 2017
- 13/06/2018 - Environment: African Development Bank leads fight against polluting plastic products
- 12/06/2018 - African Development Bank to launch 1st Electricity Regulatory Index