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.
- 13/12/2017 - Energie en Afrique : plus de 71 millions d’euros de la Banque africaine de développement pour interconnecter la Guinée et le Mali par une ligne haute tension
- 13/12/2017 - Improving transportation in Namibia: African Development Bank approves ZAR 2,000 million for rail and road works
- 13/12/2017 - Africa Infrastructure Fund secures US$ 100 million loan from African Development Bank
- 13/12/2017 - EUR 500 million 0.250% 7-year Social Bond Transaction - Due 21 November 2024
- 12/12/2017 - One Planet Summit - Joint IDFC-MDB Statement - Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement
- 11/12/2017 - Women, youth and SMEs to benefit from African Development Bank’s US $100-million loan to Mauritius
- 11/12/2017 - Intégration régionale : 66 millions d’euros de la Banque africaine de développement pour relier par pont le Cameroun et le Tchad
- 11/12/2017 - African Economic Conference: Should Africa be inspired by China’s industrial development?