African Development Bank Annual Meetings 2026

At the 2026 African Development Bank (AfDB) Annual Meetings, Recourse is calling for a shift in development finance to prioritise equitable renewable energy access and a just transition across Africa. The organisation demands a dedicated financing window for decentralised renewable energy (DRE), targeting at least 30% of energy access financing by 2027, and urges the Bank to halt all LNG and fossil gas financing. Recourse also advocates for grant-based and concessional public finance to prevent increasing debt distress and calls for stronger protections for communities affected by energy and extractive projects.

• Recourse identifies a significant decline in the African Development Bank's (AfDB) funding for decentralised renewable energy (DRE), noting that DRE represented less than 15% of the energy portfolio from 2016 to 2022 and dropped to $61 million in 2024, which is a 90% decrease from 2023.
• The AfDB has continued financing for liquefied natural gas (LNG) in Mozambique, including a $150 million loan approved in January 2026 for the Coral North Floating LNG project in Cabo Delgado, bringing total support for LNG in the country to approximately $550 million since 2020.
• Recourse reports a shift in the AfDB's energy approvals, where financing for sustainable renewables fell from $694.5 million in 2023 to $61 million in 2024, while 'false solutions'—including large hydro and certain wind and transmission projects—rose to 73% of approvals.
• Recourse demands specific policy changes from the AfDB, including a dedicated DRE financing window with 30% of energy access funds allocated to DRE by 2027, a total exclusion of fossil fuels and LNG from the Energy Sector Policy, and the prioritisation of grant-based and concessional finance via the African Development Fund to mitigate debt distress.

APA

Yuwono, C. (2026). African Development Bank Annual Meetings 2026. Recourse. https://re-course.org/newsupdates/african-development-bank-annual-meetings-2026/

Chicago

Yuwono, Camikara. African Development Bank Annual Meetings 2026. Recourse, 2026. https://re-course.org/newsupdates/african-development-bank-annual-meetings-2026/.

Wikipedia

{{cite press release |last1=Yuwono |first1=Camikara |title=African Development Bank Annual Meetings 2026 |publisher=Recourse |date=21 May 2026 |url=https://re-course.org/newsupdates/african-development-bank-annual-meetings-2026/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{yuwono2026african, author = {Yuwono, Camikara}, title = {{African Development Bank Annual Meetings 2026}}, publisher = {Recourse}, year = {2026}, month = may, url = {https://re-course.org/newsupdates/african-development-bank-annual-meetings-2026/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }