Multilateral Development Banks Announce Ambitious Plans to Scale Up Impact for Climate Change and Sustainable Development

Recently, multilateral development banks have made announcements about their plans to increase their impact and scale for clients in response to global crises. This includes an increase in the World Bank’s capacity to address issues such as climate change, with countries pledging $11 billion towards this effort.

Leaders from 10 multilateral development banks have come together to strengthen collaboration and boost joint action on climate change. They are also committed to mobilizing more private capital and improving the measurement of impact to accelerate progress towards the sustainable development goals.

In a statement, the MDBs expressed their commitment to evolving into a larger, more effective platform both individually and collectively. They are focused on enhancing their efforts to better serve their clients and address key global challenges.

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