MDBs mobilised US$134bn in private climate finance in 2024
"Multilateral development banks are on track to meet their ambitious goals.”
Climate finance provided and mobilised by multilateral development banks (MDBs) increased dramatically last year, with low and middle-income countries as the main beneficiaries.
MDBs such as the European Investment Bank (EIB), African Development Bank (AfDB), Asian Development Bank (ADB) and the World Bank Group, among others, committed a total of US$137 billion in climate finance last year – up 10% from 2023.
