Development banks boost climate finance to record $163 billion, but World Bank pullback looms

MDB Climate Finance Hits Record $163 Billion in 2025

Low- and middle-income countries received $103 billion in climate finance during 2025, representing a 21% increase compared with the previous year and the highest annual total ever recorded by MDBs.

Development banks' climate funding hits record

Pledges put lenders on track to hit COP29 finance targets

Development banks' climate funding hits record, but World Bank pullback looms

Multilateral development banks ​committed a record $162.5 billion in climate financing last year, a report by the EU's lending arm showed on Monday, but ‌targets for poorer nations could be at risk after the World Bank's decision last month to abandon key goals.

MDB climate finance reached $163 bln in 2025

Multilateral development banks (MDBs) provided $163 billion in climate finance in 2025, driven primarily by mitigation efforts in the energy sector, while remaining on track to meet collective 2030 financing targets despite political complexities.

Multilateral development banks increase climate finance to record US$163b in 2025

By Bamidele Famoofo WorldStage– Multilateral development banks (MDBs), including the European Bank for Reconstruction and Development (EBRD), 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 percent from the previous year to an all-time high of US$ 103 billion, while MDB climate finance across…