Multilateral development banks (MDBs) reaffirmed today at COP30 their commitment to respond to their clients’ priorities to improve livelihoods and create jobs for the resilience of communities and businesses in the face of intensified climate shocks and ecosystem degradation.

Working together as a system, they call for resilient, economically sound development that is rooted in trust and built to last, focusing on stable institutions, reliable infrastructure, employment opportunities, adaptation to the impacts of climate shocks and the capacity to grow within each country’s context. Their efforts to better support clients include:

• Improving the risk profile of investments and attracting more money by finding new ways to involve the private sector.
• Strengthening how results are measured to better capture and track the impact of their investments.
• Harmonising their work to simplify financing processes and deliver greater adaptation and mitigation impact
• Advancing the implementation of the Joint MDB Long-Term Strategy Programme to support clients with climate planning and the design and implementation of country-led, country-driven platforms.

Gianpiero Nacci, Managing Director for Climate Strategy and Delivery at the European Bank for Reconstruction and Development, said: “As MDBs, we are united in driving economic growth while strengthening climate resilience. The green transition is now a business imperative for competitiveness, with clear market signals from governments, investors and businesses showing strong demand for climate finance.”