As we present the 2024 Annual Report of the African Development Bank and CIF, we reflect on a year of remarkable progress and unwavering commitment to combating climate change and fostering sustainable development across Africa. This report highlights our collective efforts and achievements in driving climate action, mobilizing resources, and building capacity to address the pressing challenges posed by climate change.

One notable achievement of the African Development Bank in 2024 was the allocation of 48% of its development finance to the delivery of climate co- benefits. This substantial allocation underscores the Bank’s commitment to integrating climate considerations into its development agenda.

By mainstreaming climate change considerations into the Bank’s development agenda, the Bank aims to enhance climate resilience and promote green and sustainable development across Africa. This strategic focus ensures that projects not only address immediate development needs but also contribute to long-term environmental sustainability and building resilience.

Report by the African Development Bank