ACCF’s Institutional Framework
The Africa Climate Change Fund (ACCF) is hosted by the African Development Bank (the Bank) and governed by the Bank’s general rules and procedures, unless otherwise specified in the Multi-Donor Agreement (MDA) or these Operational Guidelines.
As trustee of the ACCF, the Bank administers and manages the Fund’s resources in accordance with its financial rules, regulations, policies, investment guidelines, and relevant instruments, utilizing its organization, services, facilities, and staff. The resources and accounts of the ACCF are kept separate from those of the Bank.
The governance structure of the ACCF includes: a secretariat hosted within the Climate and Environment Finance Division (PECG1) of the Climate Change and Green Growth Department (PECG), led by an ACCF Coordinator; a Technical Committee (TC); an Oversight Committee (OC); and, when necessary, the Bank’s Board of Directors. The functions of each are described in the following sections.
ACCF Governance Structure
The Oversight Committee (OC)
The OC includes representatives from each donor and the Bank. It determines the overall strategic direction of the Fund, approves new calls for proposals, reviews and approves the annual work programme and budget for the coming year, and approves requests for financing above $750,000. The AfDB Board of Directors approves funding above $1,000,000.
The Technical Committee (TC)
The TC includes representatives from relevant departments of the Bank. It reviews and approves requests up to $750,000.
The ACCF Secretariat
The Secretariat is coordinated by a Bank staff member under the supervision of the Climate and Environment Finance Division Manager. The Coordinator is supported by consultants paid from the approved budget. The Secretariat is responsible for the day-to-day administration of the Fund.