The Africa Green Industrialization Initiative (AGII) - Policy Brief

The pledge by African banks to deliver $100 billion in support of the Africa Green Industrialization Initiative (AGII) during the Second Africa Climate Summit (ACS2) demonstrates the continent’s collective determination to frame, own, and finance its development agenda.

Leading African financial institutions signalled their commitment to supporting efforts to accelerate sustainable green growth as one of the key promises of the 2023 Nairobi Declaration on Climate Change.

While recognising that the AGII is a relatively new framework, this Policy Brief examines its current objectives and organisational structure and makes recommendations that will, hopefully, contribute to its success.