Banking on reform aligning development banks with the Paris climate agreement

The report shows that the Inter-American Development Bank is a leader amongst the MDB’s in aligning with the Paris Agreement on Climate Change. However, none of the MDBs has been shown to be transformational across the different areas covered, demonstrating MDBs still need to work to integrate climate across their operations. Together, the major Multilateral Development Banks (MDBs) have committed to align their financial flows with the Paris Agreement on climate change. MDBs have an important role in providing advice to countries on economic pathways and leveraging private capital. In this report, we analyse the progress of the main six MDBs against their commitment.