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The African Development Bank Group has launched its Climate Change and Green Growth Framework at the COP26 climate conference in Glasgow, Scotland. The framework is the first of its kind by any multilateral development bank.
The poorest countries will bear the worst effects of climate change and the highest costs in terms of economic production and higher mortality, according to Nobel laureate Esther Duflo. The 2019 Economics Nobel Laureate and professor of economics at the Massachusetts Institute of Technology (MIT), delivered the keynote at the African Development Bank’s 2021 Kofi Annan Eminent Speaker Lecture Series.
The Board of Directors of the African Development Fund on Wednesday approved a $125.3 million loan to finance the first phase of the Dodoma Resilient and Sustainable Water Development and Sanitation Program in Tanzania. Specifically, the loan from the African Development Fund, the concessional window of the African Development Bank Group, will cover the construction of a dam and water treatment plant to address supply challenges in Dodoma City and the towns of Bahi, Chemba and Chamwino.
Ghana is set to host the African Development Bank Group’s next Annual Meetings in May 2022, following the signing of a Memorandum of Understanding between the two parties on Monday.
Communities and households in northern Ghana are enjoying the benefits of better road conditions, increased local economic activity, and better access to health and education, thanks to a road project funded by the African Development Bank.