There are four African SRDBs: Eastern and Southern African Trade Development Bank (commonly referred to as the PTA Bank), East African Development Bank (EADB), West African Development Bank (BOAD) and Ecowas Bank for Investment and Development (EBID) are operational in Africa in three separate Regional Economic Communities. 40 African countries are shareholders of the SRDBs.
The SRDBs have a mandate to contribute to regional integration and regional infrastructure development projects and some are incorporating climate change into strategic planning efforts. ECOWAS, for example, is in the process of developing a regional climate strategy and published an ECOWAS Guide to implementation of the Paris Agreement in September 2020 for its members states. Key challenges SRDBs face include weak institutional governance, lack of mandate clarity, and limited capacity and cross-regional communication. SDRBs are relatively financially stable and shareholding countries generally report satisfaction with their performance which makes them potentially suitable to mobilize more capital to finance the NDCs in Africa.