The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, The African Development Fund and The Nigeria Trust Fund.
AREAS OF SUPPORT
The AfDB’s mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and private capital in projects and programmes that are likely to contribute to the economic and social development of the region. In pursuing this, it identified three areas of emphasis for support:
- Supporting the fragiles states;
- Strengthening agricultures and food security through an integrated value chain approach;
- Increasing the capabilities and opportunities of women and girls.
PROGRAMMES
Climate for Development in Africa (ClimDev-Africa) Initiative. As part of the effort to address climate change challenges in Africa, the Climate for Development in Africa Program (ClimDev-Africa or the “Program”) was designed as a joint initiative of the African Development Bank, the Commission of the African Union and the United Nations Economic Commission for Africa. The ClimDev-Africa Programme Special Fund (CDSF) supports operations in the following three main areas, viz Generation and wide dissemination of reliable and high quality climate information in Africa, capacity enhancement of policy makers and policy support institutions to integrate climate change information into development programs, and implementation of pilot adaptation practices that demonstrate the value of mainstreaming climate information into development. Learn more about this programme.
Climate Investment Funds (CIF). As part of the AfDB’s commitment to supporting Africa’s move toward climate-smart development, it is helping to expand access to international climate change financing. The AfDB is serving as an implementing agency of the Climate Investment Funds (CIF). Established in 2008 as one of the largest fast-tracked climate financing instruments in the world, the USD 8 billion that CIF gives to developing countries worldwide provide the needed jump-start toward achieving low-carbon and climate-resilient development. The CIF provides developing countries with grants, concessional loans, risk mitigation instruments, and equity that leverage significant financing from the private sector, multilateral development banks, (MDBs) and other sources.
RELEVANT LINKS
The African Development Bank Group (AfDB)
http://www.afdb.org/en/contact-us/