To what extent are Multilateral Development Banks integrating Climate Change Adaptation Finance in their Development finance?

African Centre for Technology Studies (ACTS)


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Abstract: The purpose of this case study was to examine the extent to which the World Bank and the African Development Bank,which are the two major Multilateral Development Banks (MDBs) with the biggest finance portfolio in Kenya,are mainstreaming climate change adaptation finance in their development plans. Specifically,the study reviewed the progress that the two banks are making to scale up financing of climate change adaptation in their programs in Kenya; how they are mainstreaming adaptation considerations and incorporating climate risk in their development finance portfolios; and how they align their portfolios with Kenyaâ??s climate change adaptation priorities.

Author:
Jackson Wachira, Dr. Joanes Atela, Prof. Tom Migun Ogada
Theme/Sector:
Climate Change Impacts, MDBs, Adaptation Finance
Year
2021

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