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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Nigeria targets $2.3trn to bridge infrastructure gap

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, says the country has intensified efforts to...
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Dangote engages World Bank, IMF, US EXIM chiefs on investment drive

President/Chief Executive of Dangote Group, Aliko Dangote, held a series of high-level bilateral meetings with global financial leaders on...

Cobalt mining in Congo: Dirty truth behind ‘clean’ electric cars

Electric cars are sold as clean. But, in southern Congo, communities near the Tenke Fungurume mine are breathing toxic...

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Nigeria targets $2.3trn to bridge infrastructure gap

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC),...

Dangote engages World Bank, IMF, US EXIM chiefs on investment drive

President/Chief Executive of Dangote Group, Aliko Dangote, held a...