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Green Bonds Program

The AfDB Green Bond program facilitates the achievement of the Bank’s corporate priority of green growth through the financing of eligible climate change projects. Investors can make a difference with their investment by financing climate change solutions through AfDB’s Green Bonds. An amount equal to the net proceeds of AfDB’s Green Bonds are initially allocated to a sub-portfolio within the Treasury’s liquidity portfolio. As and when eligible projects begin to disburse, Green Bond proceeds in the liquidity portfolio are then allocated to the loan pools containing the disbursing green projects.

Purpose of support

Project and program implementation

Eligible countries and regions

All countries in Africa are eligible.

Eligibility criteria

Project Sponsors, Governments, and Government guaranteed entities are eligible to receive funding.

Financial instruments

Concessional loans

Decision-making information

AfDB's Energy, Environment and Climate Change Department identifies and categorizes, among all projects approved in any given fiscal year, the climate change projects using the Joint MDB and AfDB’s climate finance tracking methodologies AfDB's Energy, Environment and Climate Change Department will apply the additional selection criteria under the AfDB’s Green Bonds Program and categorize the projects that can be part of that program. The final list of projects to be part of the portfolio for any Green Bonds issuance will be agreed upon jointly by the Bank’s Energy, Environment and Climate Change Department and Treasury Department based on the proposed list by the former.

Monitoring and reporting procedures

Monitoring and Reporting includes:

Impact assessments of projects, with metrics of positive outcome of the project
disclosure on disbursements and deployment of proceeds
disclosure of information through industry standard reporting templates. External review from CICERO and AfDB's Environmental, Social and Governance and Corporate Social Responsibility rating is also part of the transparency and accountability framework

Information on how to...

The selection of eligible projects will be done in two phases as follows:

Phase 1: the Energy, Environment and Climate Change Department will identify and categorize among all projects approved in any given fiscal year the climate change projects using the Joint MDB and AfDB’s climate finance tracking methodologies.

Phase 2: the Energy, Environment and Climate Change Department will apply the additional selection criteria under the AfDB’s Green Bonds Program and categorize the projects that can be part of the that program. The final list of projects to be part of the portfolio for any Green Bonds issuance will be agreed upon jointly by the Bank’s Energy, Environment and Climate Change Department and Treasury Department based on the proposed list by the former.

Climate objective

Adaptation, Mitigation, Cross-cutting

Sectors and themes

Energy efficiency, Renewable Energy

Type of support provider

Multilateral

Type of recipient

Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level

Co-financing required

Trustee or administrator

African Development Bank (AfDB)

Contact information

https://www.afdb.org/en/financial-information/investor-resources/capital-markets/green-bond-program

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Green Bonds Program

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