As per its ToR, the ABM EC’s mandate is to oversee – and provide strategic direction for – the operationalization and execution of the pilot phase of the ABM in line with the ABM Pilot Phase Strategic Plan, and to recommend modalities and procedures for a global ABM by 2023.

The ABM EC reports annually to the VicePresident for Power, Energy, Climate, and Green Growth of the African Development Bank. All ABM EC documents and other information on the ABM are published on the ABM online platform.

The resource mobilization target for the ABM Pilot Phase of at least US$ 50 million or approving at least 25 projects will have been mobilized by the end of 2023. The African Development Bank is primarily responsible for the achievement of the financial target and mobilizing support for including the ABM in the Paris Agreement implementation toolbox, while the ABM EC is primarily responsible for achieving the projects’ approval target.