Climate finance by major multilateral banks rose 24 pc in 2021

Oct 15, 2022

New Delhi [India], October 15 : Climate finance committed by major multilateral development banks rose by more than 24 per cent in 2021 compared...

G20 expert group on strengthening Multilateral Development Banks constituted

Mar 28, 2023

A G20 expert group for strengthening multilateral development banks (MDBs) has been constituted under India's G20 Presidency. The expert group will submit its report...

Strengthening multilateral development banks primary focus of G20 India: Sitharaman

Aug 11, 2023

Union Finance Minister Nirmala Sitharaman on Friday said that the primary focus of India's G20 Presidency has been to strengthen multilateral development banks (MDB)...

COP28: Multilateral development banks publish first common principles for nature-positive finance

Dec 09, 2023

The common principles aim to increase nature-positive finance by mainstreaming nature in MDB operations and investments in a systematic manner.

Nirmala Sitharaman highlights Global South's contributions to foundations of multilateral development banks

Oct 26, 2024

Sitharaman urged the World Bank to promote a two-way exchange of innovations, drawing from the transformative experiences of the Global South in areas like...

Multilateral Development Banks unlock over $180 billion worth of climate finance at COP28

Dec 04, 2023

Multilateral Development Banks (MDBs) joined together at the COP28 climate summit in Dubai to commit to ambitious climate action and unlock over US$180 billion...