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Climate financing by leading multilateral development banks tops $61.6 billion

Climate financing by leading multilateral development banks tops $61.6 billion

AFRICA
ABIDJAN, Ivory Coast, August 7, 2020/ -- Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development Banks’ Climate Finance (https://bit.ly/31noGIB). The study expands the scope of reporting for the first time to all countries with multilateral development bank operations. It now provides data on MDB climate finance commitments beyond those directed solely at developing and emerging economies, but with the focus remaining on low- and middle-income countries.This year the report combines data from the African Development Bank, the Asian Development Bank (ADB), the European Bank for Reconstruction ...