How can Multilateral Development Bank financing be further aligned with our commitments to combat the climate crisis? How can they lead the transition to climate neutral and resilient economies in every part of the world?
If the world is to meet our commitments under the Paris Agreement, we must align all financial flows, public and private, with climate resilient and net zero development. There is still much work to do to bring the Multilateral Development Banks (MDBs) in particular into alignment with our global climate goals. The world’s ten leading MDBs have committed to delivering Paris alignment. What shifts need to take place to deliver this, and how can we ensure that all public banks implement an ambitious agenda on climate change? And most importantly, how can we ensure that these banks have sufficient financial firepower to empower countries to invest in greener and more resilient development?