EMs urged to focus MDB climate loan boom on ‘build back better’ schemes

Global warming climate smoke pollution from Adobe 7Jul20 575x375
By Phil Thornton
06 Aug 2020

Emerging economies have a unique opportunity to direct the surge in climate-focused lending by public and private institutions towards 'build back better' schemes in the wake of the Covid-19 pandemic, according to a group of the largest multilateral development banks.

Direct climate finance from seven of the world’s MDBs hit $61.6bn in 2019, of which the lion’s share of $41.5bn was in low and middle income economies. On top of this there was $102.7bn of public and private finance from other sources, channelled through MDBs, which took the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial