2025 Joint Summary Report on Multilateral Development Banks Climate Finance
Press Release European Investment Bank Multilateral development banks’ climate finance in low-and middle-income countries jumps 21% to $103 billion last year, according to their new annual report. MDB adaptation finance in low- and middle-income economies rose 31% to $35 billion, and mitigation finance rose 16% to $68 billion. MDBs on track to meet their 2030 climate-finance projections across all their countries of operation. Multilateral development banks (MDBs) including the European Investment Bank (EIB) increased climate finance to record levels in 2025, reinforcing their role in supporting climate-resilient and sustainable economies. Climate finance by MDBs in low- and middle-income countries jumped 21% from the previous year to an all-time high of $103 billion while MDB climate finance across all countries of operation rose 19% to a record $163 billion. The results, published today in the 2025 Joint Summary Report on Multilateral Development Banks’ Climate Finance, confirm that ...