MDBs back COP31 implementation agenda for climate-smart development
As multilateral lenders push to convert climate commitments into funded projects, Multilateral Development Banks are backing the COP31 Climate Action Agenda's emphasis on implementation. The group says it is working with Türkiye's COP31 Presidency, Australia's President of Negotiations and other partners to speed climate-smart development in response to country and private sector demand.
Highlights
- Multilateral Development Banks commit in a joint statement to accelerate climate-smart development under Türkiye's COP31 Presidency and Australia's President of Negotiations.
- MDBs report delivering a record $163 billion in global climate finance in 2025, emphasizing a focus on implementing development goals and Nationally Determined Contributions.
- MDBs position themselves as implementation partners offering financing, knowledge, and policy support to drive resilience, low-carbon growth, job creation, and improved living conditions.
Climate finance push under COP31 agenda
As reported by the European Investment Bank, Multilateral Development Banks say in a joint statement that they are committing to work with Türkiye's COP31 Presidency, Australia's President of Negotiations and partners to accelerate climate-smart development.The banks say their role is shaped by client demand and country development priorities, with a focus on helping governments and private sector clients turn development goals and climate commitments into action. That includes commitments set out in Nationally Determined Contributions.
EIB Vice-President Ambroise Fayolle says MDBs delivered a record $163 billion in global climate finance in 2025, adding that the result shows multilateralism delivers and that the next step is to build on that progress by turning climate ambition into action.
Development and resilience priorities
MDBs say they are positioning themselves as implementation partners that combine financing, knowledge, policy support and capacity to deliver practical results across economies and communities.They say this work supports resilience, low-carbon economic growth, expanded opportunity, job creation and improved living conditions, while continuing to advance climate finance delivery in line with client demand.
As highlighted earlier, MARC Ratings urged Malaysia to strengthen fiscal buffers to withstand recurring global shocks, including climate disruptions.
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