2022 Joint Report on Multilateral Development Banks' Climate Finance

Year Published

2023

Contributing Organizations

European Investment Bank (EIB)

Islamic Development Bank (IsDB)

New Development Bank (NDB)

African Development Bank (AfDB)

Asian Development Bank (ADB)

Asian Infrastructure Investment Bank (AIIB)

European Bank for Reconstruction and Development (EBRD)

Inter-American Development Bank (IDB)

World Bank Group (WBG)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic

Climate & Transition Finance

Target Audience

MDBs/DFIs

Relevant Geography

Global

Africa

Asia & the Pacific

Europe

Latin America and the Caribbean

North America

Resource Description

This report is an annual effort to present MDB climate finance figures and explain the tracking methodology. It monitors progress against targets set at COP21 and post-2020 ambitions. The 2022 edition includes all ten MDBs for the first time, with the Council of Europe Development Bank and New Development Bank added to the aggregated data.

Why This Matters

This report provides an overview view of MDB climate finance, helping track progress, identify gaps, and align with Paris Agreement goals.

Key Insights

In 2022, MDBs committed over USD 60 billion in climate finance to low- and middle-income economies, covering both mitigation and adaptation activities
Adaptation now accounts for over one-third of flows to developing countries
Regional investment concentrated in South Asia, Latin America and the Caribbean, and Sub-Saharan Africa
Uses a harmonized methodology for consistent and comparable reporting

Secondary File Resources

Secondary Resource Link(s)

https://thedocs.worldbank.org/en/doc/41984a96ed4641d4d746289d0a154a35-0020012023/original/2023-0129-MDB-Key-Figures-NEW.pdf

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