The “Joint Report on Multilateral Development Banks Climate Finance” is an annual collaborative effort to publish Multilateral Development Banks (MDBs) climate finance figures, together with a clear explanation of the methodologies for tracking the progress in relation to their climate finance targets, such as those announced at COP21 and the greater ambition pledged for the post-2020 period.

The term “MDB climate finance” refers to the financial resources (from own accounts and MDB-managed external resources) committed by the MDBs to operations, and components thereof, directed to activities that mitigate climate change and/or support adaptation to climate change. The MDB climate finance commitments are presented in this report in two main groups: i) low-income and middle-income economies, and ii) high-income economies.

The report includes data provided by ten MDBs, including the Inter-American Development Bank (IDB) together with African Development Bank (AfDB); Asian Development Bank (ADB); Asian Infrastructure Investment Bank (AIIB); Council of Europe Development Bank (CEB); European Bank for Reconstruction and Development (EBRD); European Investment Bank (EIB); Islamic Development Bank (IsDB); New Development Bank (NDB); and World Bank Group (WBG).