The African Development Bank

The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank, the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states.

The African Development Bank continues to prioritize mainstreaming climate change and green growth in its portfolio and has committed to incorporating climate-informed design into 100% of its investments. The Bank continues to make progress in driving Africa’s transition towards greater climate resilience and a low-carbon development path, in line with the second Climate Change Action Plan 2016-2021. The Bank is on course to meet the following commitments made under this Action Plan:

1. Allocating 40 percent of project approvals to climate finance by 2021, with equal proportions for adaptation and mitigation.
2. Mainstreaming climate change and green growth into all Bank investments by 2021.
3. Securing significantly increased access to climate finance for low-income African countries with a target of $25 billion by 2025 and positioning Africa’s financial sector at the forefront of financing innovations.