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
- 24/04/2018 - African Legal Support Facility meets with industry experts at the 2018 International Petroleum Summit
- 24/04/2018 - Cameroon: 25th Member State to ratify the African Legal Support Facility Treaty
- 24/04/2018 - African Development Bank calls for domestic financing solutions alongside aid in fight against malaria
- 24/04/2018 - Multilateral development banks present study on technology’s impact on jobs
- 23/04/2018 - President Adesina to speak at Tanzania’s Union Day celebration, commission Dodoma-Babati regional road
- 20/04/2018 - MDBs launch new platform to coordinate support for economic migration and forced displacement
- 20/04/2018 - African Development Bank organizes Workshop on Strengthening Role of Parliament in Combating Illicit Financial Flows from Africa
- 19/04/2018 - Asian Infrastructure Investment Bank and African Development Bank sign MoU to promote cooperation