Multilateral development banks increase climate finance to record $163 billion in 2025, supporting climate-resilient and sustainable growth

Multilateral development banks’ climate finance in low-and middle-income countries jumps 21% to $103 billion last year, according to their new annual report. MDB adaptation finance in low- and middle-income economies rose 31% to $35 billion, and mitigation finance rose 16% to $68 billion. MDBs on track to meet their 2030 climate-finance projections across all their countries of operation. 13 July 2026 — Multilateral development banks (MDBs) including the New Development Bank increased climate finance to record levels in 2025, reinforcing their role in supporting climate-resilient and sustainable economies. Climate finance by MDBs in low- and middle-income countries jumped 21% from the previous year to an all-time high of $103 billion while MDB climate finance across all countries of operation rose 19% to a record $163 billion. The results, published today in the 2025 Joint Summary Report on Multilateral Development Banks’ Climate Finance, confirm that MDBs are on track to meet their 2030 projections announced at the United Nations climate conference COP29 in Baku in 2024. In low- and middle-income economies, MDB climate finance has doubled over the past five years. Of the $103 b...