Abstract
The Joint Report on MDB Climate Finance captures a particular context of activities that Multilateral Development Banks (MDBs) carry out in developing and emerging economies. The context is built on the premise that development finance is being provided in a world shaped by climate change. This is the fourth year that MDBs have carried out joint reporting on climate finance. The report is based on the joint MDB approach for climate finance tracking and reporting, for which details are provided in Section 2. The MDBs have worked consistently to improve this joint approach and refine reporting. This year's report was coordinated by the World Bank Group and prepared by professional staff from the following MDBs: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), and the International Finance Corporate (IFC) and World Bank (WB) from the World Bank Group (WBG)- all together referred in the report as the MDBs.
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