Development banks provide record $43bn climate finance

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Development banks provide record $43bn climate finance

Phil Thornton
June 13, 2019 07:00 PM
EBRD_PA_230x150
(190508) -- SARAJEVO, May 8, 2019 (Xinhua) -- Suma Chakrabarti, president of the European Bank for Reconstruction and Development (EBRD), speaks at the opening ceremony of the EBRD 2019 Annual Meeting in Sarajevo, Bosnia and Herzegovina, on May 8, 2019. The EBRD kicked off on Wednesday its 2019 Annual Meeting and Business Forum in Sarajevo. (Xinhua/Nedim Grabovica) | Zhang Xiuzhi/Xinhua News Agency/PA Images

Finance for climate-related projects in emerging and developing countries provided by the world’s five largest multilateral development banks (MDBs) hit an all-time record of $43.1bn in 2018.

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