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.
- 22/10/2017 - New World Food Prize Africa Institute to produce Borlaug-Adesina Fellows
- 22/10/2017 - “Africa’s pathway out of poverty” - by Dr. Akinwumi A. Adesina, President of the African Development Bank, World Food Prize Laureate Luncheon, October 20, 2017, in Des Moines, Iowa
- 20/10/2017 - AfDB’s agricultural transformation strategy to guarantee 513 million tons of additional food production
- 20/10/2017 - Adesina to set up fund for young farmers, agripreneurs with US $250,000 World Food Prize money
- 20/10/2017 - World Food Prize Laureate says recognition motivates him to accelerate Africa’s agricultural transformation
- 20/10/2017 - Adesina calls for immediate action over deepening crisis of global malnutrition
- 19/10/2017 - AfDB and OpenOil launch report on how African governments manage extractive resources
- 19/10/2017 - Going Digital - AfDB’s ‘50 Million Women Speak Digital Platform’ set to create Digital Value that underpins Africa’s future economic transformation