Africa Development Bank Group. (2009) Climate Risk Management and Adaptation Strategy.

"Climate change poses serious threats to sustained economic growth and poverty reduction, the quality of life, and political stability in the world. According to the IPCC, Africa is the most vulnerable continent to climate change and climate variability; and the situation is aggravated by the interaction of multiple stresses occurring at various levels, compounded by low adaptive capacity. Climate change experts project that all sub-regions of the continent will experience a temperature rise very likely larger than the global mean annual warming. At the same time, most parts of the continent are expected to experience reduced average annual rainfall and increased aridity and droughts. The combination of reduced rainfall and hotter temperatures is expected to result in a net drying and increased aridity for a greater proportion of the continent. It is important to note that all African countries are likely to be drastically affected by climate change. In the light of this mounting evidence, the Heads of State and Government of the G8 States, at their Gleneagles Summit in July 2005, called upon the World Bank and Regional Development Banks (RDBs) to prepare specific proposals on challenges related to climate change and poverty reduction.
The present Bank strategy on Climate Risk Management and Adaptation is based on lessons learnt, as well as several regional stakeholder consultation forums and the recommendations of the President’s Working Group on Climate Change. The overall goal of the Bank’s Climate Risk Management and Adaptation Strategy (CRMA) is to ensure progress towards eradication of poverty and contribute to sustainable improvement in people’s livelihoods taking into account CRMA. The specific objectives are:
(i) To reduce vulnerability within the RMCs to climate variability and promote climate resilience in past and future Bankfinanced development investments making them more effective;
(ii) To build capacity and knowledge within the RMCs to address the challenges of climate change and ensure sustainability through policy and regulatory reforms." Africa Development Bank Group.