Multilateral Development Banks Provide $103 Billion in Climate Finance

Multilateral Development Banks provided US$103 billion in climate finance to low- and middle-income countries in 2025 and mobilized an additional US$35 billion in private climate investment. In a joint statement issued at the COP31 summit in Antalya, Türkiye, the banks reported a 21 percent increase in climate finance delivery compared to the previous year.

These figures move the institutions closer to their collective 2030 targets of US$120 billion in annual finance and US$65 billion in private capital. To further these goals, the banks introduced the MDB Partnership for Adaptation and Resilience Investment during the summit.

The banks pledged to collaborate with the Turkish COP31 Presidency and Australia’s President of Negotiations to help countries translate Nationally Determined Contributions into funded projects. Priority areas for this funding include electrification, green industrialization, and adaptation, with a specific focus on fragile, conflict-affected countries and Small Island Developing States.