In Short : Multilateral Development Banks (MDBs) are intensifying their collaboration efforts to operate more cohesively and effectively as a unified system. This strategic move aims to maximize their collective impact on global development initiatives. In Detail : WASHINGTON, DC : The leaders of 10 multilateral development banks (MDBs) today announced joint steps to work […]
COP28: Multilateral Development Banks Boost Joint Action on Climate and Development – EQ
In Short : At COP28, multilateral development banks intensify collaborative efforts to address climate change and promote sustainable development. This collective action underscores their commitment to implementing strategies that simultaneously combat climate issues and advance broader developmental goals. In Detail : DUBAI, UNITED ARAB EMIRATES : Multilateral development banks (MDBs) today published a joint statement […]
Multilateral Development Banks Provide Record Climate Finance of Close to $61 Billion for Low and Middle-Income Economies in 2022 – EQ
In Short : In 2022, multilateral development banks provided a record-breaking climate finance of nearly $61 billion to low and middle-income economies. This substantial funding represents a crucial step in the global efforts to combat climate change. The support from these financial institutions will facilitate the implementation of sustainable projects, renewable energy initiatives, and climate […]
How Multilateral Development Banks Can Use Policy-Based Financing to Support Climate-Resilient Economies – EQ Mag
Multilateral development banks can help developing countries achieve economic stability by repurposing policy-based financing for low-carbon, climate resilient development as impacts from climate change continue to add costs in already debt-burdened economies. After making a joint declaration in 2017 to align with the Paris Agreement on climate change, most multilateral development banks (MDBs) will start […]
4 Climate Finance Priorities for the Biden Administration
Providing funding to poorer nations to undertake climate action is not only a moral and legal responsibility for developed countries, but also a strategic investment in a cleaner and more resilient world. Such support pays dividends by reducing the severity and costs of climate impacts, including extreme weather, ecosystem loss and political instability both at […]
