Ready to be Africa’s Climate Bank?
A Mapping of Climate-related Policies, Programs and Practice at the African Development Bank
Within this context, it is appropriate and necessary to interrogate the Bank’s actual track record on sectors and initiatives related to climate change, as these can provide clues to the Bank’s suitability to manage any future infusions of funds to address climate change in Africa.
This mapping represents largely a desk review of AfDB’s engagement, commitments and, when possible, implementation of work surrounding climate change and environmental sustainability.
In all, the Bank’s track record of tackling climate change is minimal. While it has typically approved good and progressive policies, strategies, and frameworks that discuss most of the pertinent issues, actual implementation of policies has ranged from low to non-existent.
The Bank has made important commitments to tackle climate change, yet actual efforts have been plagued by a lack of buy-in from senior management and the board. However, the tide appears to be turning, as the Bank has begun to appreciate the opportunities that climate leadership could bring.
Click here to read Ready to be Africa’s Climate Bank? - Executive Summary (11 pages, pdf, 885KB)
Click here to read Ready to be Africa’s Climate Bank? (59 pages, pdf, 1.38MB)