African Development Bank (AfDB)

Since the beginning of the COVID19 pandemic in early 2020, African Development Bank (AfDB) have committed at least USD 552.85 million to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

  • At least USD 77.76 million for unconditional clean energy
  • At least USD 89.89 million for conditional clean energy
  • At least USD 385.19 million for other energy

By energy type, no public finance identified for oil and gas.

Finally, no public finance identified for multiple fossil fuels.

A considerably larger amount of new public finance from African Development Bank (AfDB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via African Development Bank (AfDB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Updated: 9 June 2021


At least

$0

Supporting fossil fuel energy



At least

$167.65 million

Supporting clean energy

African Development Bank (AfDB)

Since the beginning of the COVID19 pandemic in early 2020, African Development Bank (AfDB) have committed at least USD 552.85 million to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

  • At least USD 77.76 million for unconditional clean energy
  • At least USD 89.89 million for conditional clean energy
  • At least USD 385.19 million for other energy

By energy type, no public finance identified for oil and gas.

Finally, no public finance identified for multiple fossil fuels.

A considerably larger amount of new public finance from African Development Bank (AfDB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via African Development Bank (AfDB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 9 June 2021

Policies and Finance

MDB Recipient Country Category Policy name Sector Energy Type Mechanism Value committed, USD Date of announcement Policy type Sub-Institution or Programme Receiving entity Stage Arm of Government Primary and secondary stated objective of the policy Policy background Links to official sources Links to additional sources
African Development Bank (AfDB) Multiple Fossil unconditional Bundled – AfDB “Fossil Unconditional” Investments under $100 million since Jan 1 2... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 0 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
African Development Bank (AfDB) Multiple Fossil conditional Bundled – AfDB “Fossil Conditional” Investments under $100 million since Jan 1 202... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 0 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
African Development Bank (AfDB) Multiple Other energy Bundled – AfDB “Other Energy” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 131103538.00 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
African Development Bank (AfDB) Multiple Clean conditional Bundled – AfDB “Clean Conditional” Investments under $100 million since Jan 1 2020 Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 89892803 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
Project-level data can be accessed here:
http://priceofoil.org/shift-the-subsidies/
African Development Bank (AfDB) Multiple Clean unconditional Bundled – AfDB “Clean Unconditional” Investments under $100 million since Jan 1 20... Multiple sectors Multiple energy types Loan (Hybrid),loan guarantee (... 77761274.00 2020050808/05/2020 Fiscal Multiple Multiple Several energy stages Public finance institution This line item reflects World Bank Group investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.
"
https://www.aiib.org/en/projects/details/2020/approved/Bangladesh-Dhaka-and-West-Zone-Transmission-Grid-Expansion-Project.html
https://www.aiib.org/en/projects/details/2020/approved/_download/Bangladesh/PSI-P000272-Dhaka-and-Western-Zone-Transmission-Grid-Expansion-20200117_ptlupdate_II.pdf
https://www.aiib.org/en/news-events/news/2020/USD200M-AIIB-Loan-to-Help-Increase-Electricity-Access-in-Bangladesh.html
https://ijglobal.com/data/transaction/46675/dhaka-and-western-zone-transmission-lines-expansion-408km
https://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank""
https://www.aiib.org/en/projects/details/2020/approved/Multicountry-ADM-Capital-Emerging-Asia-Renewable-Energy-Fund.html
https://www.aiib.org/en/projects/details/2020/approved/_download/multicountry/AIIB-PSI-P000335_ADM-Capital-Emerging-Asia-Renewable-Energy-Fund-After-approvalNov-25.pdf
https://www.aiib.org/en/news-events/news/2020/First-of-its-Kind-Investment-Helps-Bridge-Financing-Gap-for-Small-and-Medium-Sized-Enterprises-in-Renewables-Sector.html"" Accessed Jan 15, 2021
African Development Bank (AfDB) Egypt Other energy Electricity and Green Growth Support Program (EGGSP) – Phase I Power generation Multiple energy types Loan (Hybrid),loan guarantee (... 254088230 2020050808/05/2020 Fiscal Government of Egypt Electricity storage or transmission or distribution Public finance institution "AfDB Project 46002-P-EG-FA0-005: AfDB financing - ADB (U.A 185,192,806). The funding is to finance the first phase of the Electricity and Green Growth Support Program (EGGSP). The main goal of the program is to promote a sustainable, competitive and diversified electricity sector for ensuring security of supply and supporting climate change mitigation and green growth.The expected outcomes of the program are: i) rationalization of the electricity tariff; ii) enhanced financial sustainability of the electricity sector; iii) improved corporate governance and competitiveness of the key electricity sector institutions; iv) enhanced security of energy supply through promotion of renewable energy and energy efficiencyfor fostering climate change mitigation and green growth; and v) stronger engagement of the private sectorfor better service delivery. NOTE: US Treasury cites funding of $251.25 and an approval date of June 18, 2020."
"
https://projectsportal.afdb.org/dataportal/VProject/show/P-EG-FA0-005
https://www.afdb.org/en/news-and-events/press-releases/egypt-african-development-bank-approves-225-million-euros-budget-support-loan-electricity-sector-bolster-economic-resilience-and-sustainability-amid-covid-19-36237
https://www.treasury.gov/resource-center/international/development-banks/Documents/June_2020_Voting_Record.pdf (see June 18, 2020) " Accessed 15 Jan 2021