At COP30 in Belém, multilateral development banks (MDBs) reaffirmed their commitment to playing a leading role in the fight against climate change. They presented new financial instruments designed to mobilize more private capital, harmonize procedures, and improve the measurement of project impact, confirming their ambition to translate climate commitments into concrete actions.

Funding is increasing rapidly.

In 2024, the Multinational Development Banks (MDBs) allocated $137 billion to climate finance and mobilized an additional $134 billion from partners, with a significant share directed towards low- and middle-income countries. These results bring them closer to their 2030 targets. In Belém, they announced a new collective target of $185 billion by 2030, highlighting an upward trajectory and a commitment to strengthening their impact in the most vulnerable regions.

New tools for nature and resilience

The Multilateral Development Banks (MDBs) presented a nature finance framework and a set of technical tools designed to structure more effective financial products. The aim is to support environmental resilience, encourage ecosystem restoration, and attract more private capital to high-impact projects. These instruments reflect a shift towards an integrated approach, where climate finance and nature finance converge to address global challenges.

Enhanced coordination

The final communiqué emphasizes the importance of increased cooperation between public and private actors to maximize the effectiveness of financing. The Multinational Development Banks (MDBs) aim to accelerate the transition to low-carbon economies by fostering structured partnerships and improving the transparency of results. This coordination is considered essential to transforming promises into tangible results on the ground.

Towards measurable climate action

By emphasizing the measurement of project impact, multilateral development banks (MDBs) aim to strengthen the credibility of their commitments and demonstrate that the financing mobilized truly contributes to climate resilience, economic stability, and job creation. COP30 in Belém thus marks an important step in building a sustainable development model, where multilateral finance becomes a central lever for the global transition.