4 June 2008: The African Development Bank (AfDB) and the World
Bank jointly organized a fourth regional consultation to discuss their
respective strategies on climate change. The 4 June 2008 consultation in Dakar,
Senegal, was the last in a series aimed at brainstorming and seeking ways to
strengthen collaboration with African institutions and development partners in
order to efficiently implement the strategies. Participants identified three
main challenges – energy security and access, cushioning the adverse effects of
climate change, and climate change risk management and adaptation.
23 May 2008: Representatives from 40 donor and developing countries, meeting in Potsdam, Germany, reached an agreement on the creation of two international investment funds that will provide innovative financing for developing countries to pursue cleaner development paths and protect themselves from the impacts of climate change.
15 May 2008: The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have agreed to strengthen their cooperation and co-financing to support strategic development projects in Latin America and the Caribbean.
14 May 2008: The 43rd Annual Meeting of the Board of Governors of the African Development Bank (AfDB) and the 34th Board of Governors meeting of the African Development Fund (ADF) took place on 14-15 May 2008, in Maputo, Mozambique. The Annual Meetings considered the theme “Fostering Shared Growth: Urbanization, Inequality and Poverty.”
5 May 2008: The Asian Development Bank (ADB) announced a contribution of US$40 million for a new Climate Change Fund it is establishing to mitigate and adapt to the impacts of climate change in the Asia-Pacific region.
28 April 2008: Five European public financing institutions have established a EUR 125 million Post-2012 Carbon Credit Fund.
The Inter-American Development Bank (IDB) held its annual meeting from 4-8 April 2008, in Miami, US.