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Multilateral Development Banks Increased Climate Financing to $163 Billion in 2025, Supporting Climate-Resilient and Sustainable Growth
Multilateral development banks’ climate financing in low-and middle-income countries jumped 21% to $103 billion last year, according to their new annual report. MDBs' adaptation financing in low- and middle-income economies rose 31% to $35 billion, and mitigation financing rose 16% to $68 billion. MDBs on track to meet their 2030 climate-financing projections across all countries of operation. Multilateral development banks (MDBs) including the Inter-American Development Bank Group increased climate financing to record levels in 2025, reinforcing their role in supporting climate-resilient and
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