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An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.
WASHINGTON, June 13, 2018 – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year.
In 2015, the international community committed to the Sustainable Development Goals, including Goal 4, which is to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all. That same year, in Addis Ababa, multilateral development banks committed to work together to assist countries to generate the needed financial resources. In this context, we welcome the proposal for the International Finance Facility for Education. Urgent and unparalleled action is needed to create a learning generation.
Sept banques multilatérales de développement (BMD) ont lancé une nouvelle plateforme en vue de renforcer leur collaboration dans le cadre des migrations économiques et des déplacements forcés. Lancée en marge des réunions de printemps du Fonds monétaire international (FMI) et du Groupe de la Banque mondiale, cette plateforme a pour but d’appuyer le dialogue stratégique et la coordination opérationnelle des BMD afin de maximiser l’impact de leur engagement croissant dans ces deux domaines.
WASHINGTON, April 20, 2018 – Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the impact of MDBs’ growing engagement in these two areas.
Seven Multilateral Development Banks (MDBs) announced a new coordination platform on economic migration and forced displacement today in a meeting with G7 officials at the World Bank Annual Meetings, to advance strategic priorities, including improving data and evidence and strengthening technical assistance to maximize the impact of projects supported by MDBs.
This sixth edition of the Joint Report on Multilateral Development Banks’ Climate Finance provides an overview of financing committed by the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank Group (IDBG), and the World Bank Group (WBG), to climate change mitigation and adaptation projects and activities in 2016.
US $81 billion mobilized in 2015 to tackle climate change: Joint MDB report
Climate finance totalling US $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors.
We, the undersigned Multilateral Development Banks (MDBs), are committed to working together, and within our respective institutional mandates, to respond to the global forced displacement crisis and further strengthen our contributions to the development agenda, complementing ongoing humanitarian, diplomatic, security and peacekeeping efforts required to meet the needs of asylum seekers, refugees, Internally Displaced People (IDPs), as well as their countries of origin and host countries.
By Nibal Zgheib
US$ 14 million loan to upgrade strained wastewater infrastructure in Jordan
To ease the pressure caused by the refugee crisis in the Middle East, the European Bank for Reconstruction and Development (EBRD) is providing a loan of up to US$ 14 million to the Water Authority of Jordan (WAJ) to carry out an urgently needed upgrade of the sewerage network.
An estimated 1.4 million people from Syria have fled to Jordan, mainly to the north of the country. This equals almost 20 per cent of Jordan’s total population.
Refugee crisis puts pressure on transition countries, EBRD report says
By Anthony Williams @ebrdtony
05 Nov 2015
The refugee crisis is putting economic pressure on a number of countries in transition, according to the EBRD’s latest outlook for the economies where it invests.
WASHINGTON, June 16, 2015—The world’s six large multilateral development banks (MDBs) delivered over US$28 billion in financing last year to help developing countries and emerging economies mitigate and adapt to the challenges of climate change. The latest figures bring total collective commitments of the past four years to more than US$100 billion.
In 2014, the six banks together provided over US$23 billion dedicated to mitigation efforts and US$5 billion for adaptation work, according to the fourth joint report on MDB climate finance.
Author(s): Craig Davies
Multilateral development banks deliver US$ 27 billion in climate change financing
Multilateral development banks (MDBs) provided almost US$ 27 billion worldwide, in financing to address the challenges of climate change in 2012, according to the second joint MDB report on climate finance. The report was released today, in line with the commitment by MDBs to enhance the transparency of their investments in climate change mitigation and adaptation.
By Andrea Baldan, Deputy Director of Technical Cooperation
Now is the time to exploit the opportunities offered by new technologies to make development aid more effective.
It is 40 years since a mobile phone first made a call. The world now boasts 6.4 billion mobile subscriptions and by the end of this year that number is likely to exceed our planet’s population.
EBRD can support moves to combat price volatility, unleash untapped production potential
Author(s): Anthony Williams
Date: 20 January 2012
EBRD President, Thomas Mirow, has called on the private sector to play a greater role in investments aimed at boosting agricultural productivity and freeing up untapped potential to combat food price spikes and volatility.
New programme builds on work in eastern Europe, reaches out to emerging Arab democracies
Author(s): Anthony Williams
Date: 28 November 2011
The EBRD has launched an initiative to help address the global challenge of food security via greater involvement of the private sector in efforts to match the rising demand for food with adequate supplies from the agricultural sector.