Tag:Multilateral Development Banks (MDBs)

Multilateral development banks hit record $137bn in climate finance in 2024 – Report

Multilateral development banks (MDBs) delivered a record $137 billion in global climate finance in 2024 - a 10% increase that underscores the growing scale...

Climate finance by multilateral development banks hits record $125bn in 2023

Multilateral development banks (MDBs), including the African Development Bank (AfDB), say their collective financing for climate action hit a record high of $125 billion...

Multilateral development banks to develop approach for measuring climate results

The African Development Bank (AfDB) and other Multilateral Development Banks (MDBs) have agreed to develop a common approach for measuring and reporting climate results. The...

Spring Meetings: World Bank, others urged to shift from fossil fuels to renewables

The Big Shift Global campaign, a group of 50 organisations across the Global South and North, are calling on the Multilateral Development Banks, the World Bank...

MDBs deliver record $60bn climate finance for low and middle-income economies in 2022

Climate finance by Multilateral Development Banks (MDBs) for low-income and middle-income economies reached a new record of $60.7 billion in 2022, up 46 percent...

World Bank, IMF meetings: 10 MDBs commit to boost climate action

As the World Bank and IMF annual meetings ended in Marrakech, Morocco, on Sunday, October 14, 2023, no fewer than 10 Multilateral Development Banks...

AfDB joins MDBs to publish principles for assessment of Paris Agreement alignment

The African Development Bank (AfDB) and other multilateral development institutions have released a set of principles to ensure climate financing aligns with the goals...

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Moving from energy crisis to energy security with renewables

The strategic deployment of renewables has provided enhanced resilience in the face of the current energy crisis by a...
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COP31: Australian appointed youth champion as Türkiye sets dates

The 31st session of the Conference of the Parties (COP31) to the United Nations Framework Convention on Climate Change...

Navy intensifies crackdown on oil thieves, uncovers 600m illegal oil network

The Nigerian Navy has uncovered approximately 103,000 litres of suspected stolen crude oil and 190,000 litres of suspected illegally...

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Moving from energy crisis to energy security with renewables

The strategic deployment of renewables has provided enhanced resilience...

COP31: Australian appointed youth champion as Türkiye sets dates

The 31st session of the Conference of the Parties...