Proposal for the conversion of the Africa Climate Change Fund into a Multi-Donor Trust Fund

In 2013, the African Development Bank approved its 2013-2022 strategy, which is designed to position the Bank at the centre of Africa’s transformation and to improve the quality of Africa’s growth. This 10-year strategy focuses on two objectives: inclusive growth and the transition to green growth. In 2015, the Bank identified five key priority areas in which it will focus its investments: light up and power Africa, feed Africa, industrialise Africa, integrate Africa, and improve the quality of life for the people of Africa (referred to as the “High 5s”). In addition, the Bank is currently updating its Climate Change Action Plan.