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GHANA – Accra hosts Annual Meetings of the African Development Bank in May 2022

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Crédit photo : mamiezi.com

Ghana will host the 2022 Annual Meetings of the African Development Bank Group from 23 to 27 May in its capital, Accra. This year’s meetings mark a return to face-to-face sessions after the videoconferencing meetings of the past two years. They will be held in a hybrid format with participants present in Accra and online.

Face-to-face sessions, including statutory meetings of Bank Governors and knowledge-sharing events, will take place at the Accra International Conference Centre.

The theme of the 2022 Annual Meetings is “Fostering Climate Resilience and a Just Energy Transition for Africa”. The meetings will allow Bank Governors to share their views on the challenges of climate change and the energy transition facing their countries. They are also an opportunity to present the policy responses proposed to address these challenges.

The governors, representing the 54 African countries and the 27 non-regional member countries of the institution, will have a high-level dialogue with the President of the African Development Bank Group, Dr Akinwumi A. Adesina, and his team.

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Discussions will focus on how to stimulate climate adaptation funding and related issues. Climate finance currently accounts for only 10% of global climate finance. Only about 19% of total international financing for adaptation goes to Africa, with the continent receiving only 3% of global climate-related financial flows.

This year’s theme aligns with preparations for the United Nations Climate Conference (COP27) in Sharm El Sheikh, Egypt, in November 2022. It will highlight the need for Africa to increase investment and other forms of financing to accelerate climate adaptation efforts.

The 2022 Annual Meetings of the African Development Bank Group will be the 57th Annual Meeting of the Board of Governors of the Bank Group and the 48th Annual Meeting of the African Development Fund, the Bank Group’s concessional financing window.

       

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