Multilateral development banks are uniquely positioned to help governments make the necessary investments to achieve a carbon-neutral future. But to take advantage of MDBs’ full potential, capital-adequacy requirements that limit how much risk they can assume must be loosened.
PARIS/WASHINGTON, DC/LONDON – With climate change already affecting the lives and livelihoods of millions of people around the world, the need for a coordinated global response has never been more urgent. But to mobilize the huge sums required to finance the investments we need to ensure a climate-resilient future, the world must establish institutions that can support large-scale green projects and programs in developing countries. Fortunately, we already have such institutions in place: multilateral development banks (MDBs).
PARIS/WASHINGTON, DC/LONDON – With climate change already affecting the lives and livelihoods of millions of people around the world, the need for a coordinated global response has never been more urgent. But to mobilize the huge sums required to finance the investments we need to ensure a climate-resilient future, the world must establish institutions that can support large-scale green projects and programs in developing countries. Fortunately, we already have such institutions in place: multilateral development banks (MDBs).