Investment

Record climate spending for low and middle-income economies

Climate finance by multilateral development banks (MDBs) for low-income and middle-income economies hit a new high of US$60.7 billion in 2022, up 46% from 2019, a new joint report has found.

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Read more: ADBEIBAfrican Development BankAsian Development BankAsian Infrastructure Investment BankClimate Action SummitCouncil of Europe Development BankEuropean Bank for ReconstructionEuropean Investment BankInter-American Development Bank GroupInternational Monetary FundIslamic Development BankNew Development BankWarren EvansWorld Bank Group