Share the page
AFD and AADFI sign a first agreement to promote the key role of African development banks in achieving the SDGs
Agence Française de Développement (AFD) and the Association of African Development Finance Institutions (AADFI) have just signed a first partnership agreement for the achievement of the Sustainable Development Goals (SDGs) and implementation of the Paris Climate Agreement in Africa.
Through this agreement, AFD has committed alongside AADFI to scale up the resources and impacts of the climate finance of its member institutions. This partnership also aims to assist African development banks with their support for Covid-19 recovery plans. This support may concern risk management and development project financing, with a focus on reducing gender inequalities and involving the private sector in sustainable development.
This unprecedented partnership between the pan-African association and AFD will lead to joint activities to increase the capacities and awareness of AADFI member institutions and support from AFD for the activities planned by AADFI. Educational material and expertise developed by AFD’s Development Campus will be made available to AADFI.
The agreement also provides for enhanced cooperation for research and knowledge production activities, such as the joint preparation and publication of reports on financing for the SDGs and climate in Africa.
AFD and AADFI, members of the International Development Finance Club (IDFC) and the World Federation of Development Finance Institutions will be able to jointly advocate for the crucial role of national and regional development finance institutions in the implementation of the Paris Agreement and 2030 Agenda in Africa.