The Federation of Consultants
from Islamic Countries
The Federation of Consultants
from Islamic Countries
NEWS & EVENTS

Climate Finance by Multilateral Development Banks Hits Record in 2023

October 02, 2024

The Multilateral Development Banks (MDBs) have announced that their global climate finance

has reached a record high of USD125 billion in 2023. The combined total provided last year by

institutions, including the Islamic Development Bank, is more than double the amount

provided in 2019, when MDBs announced their ambition to increase climate finance levels

over time at the United Nations Secretary General`s Climate Action Summit.