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Multilateral development banks hit record US$137B in climate financing last year

Kaieteur News – Global climate financing by multilateral development banks (MDBs) increased 10% last year, reaching a record US$137 billion, with the majority directed to low- and middle-income economies. MDBs, including the Inter-American Development Bank Group (IDB Group), announced the year-on-year increase in a report published on Tuesday. In addition, private financing mobilized by MDBs […] The post Multilateral development banks hit record US$137B in climate financing last year appeared first on Kaieteur News.


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