MDB reform mandates
To drive ambitious climate action and secure financing, MDBs must update their mandates to explicitly incorporate climate considerations.
2030 Goals
- All MDBs to have approved ambitious targets around climate finance in their mandates and strategic plans.
- Smaller PDBs, including regional, national, and sub-national development banks, begin to integrate explicit climate efforts in their mandates and strategic plans.
StatusModerate progress
Moderate progress
Each MDB is governed by its own mandate which outlines priorities and operational guidelines for the bank. While MDBs are working towards operating more efficiently as a system, differing mandates result in a range of approaches to climate issues. As one of the more successful efforts around MDB reform, all of the major MDBs have adopted climate and/or global challenges into their mandates, paving the way for increased climate finance and mutually aligned efforts from these banks.
Relevant Actors & Audiences
Multilateral Development Banks
African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB), Asian Infrastructure Investment Bank (AIIB), European Investment Bank (EIB)
Milestones
April
WBG/IMF Spring Meetings 2025
Milestones
MDB reform mandates
MDBs review progress on incorporating climate and global challenges into their mandates, highlighting challenges and opportunities for increased climate finance flows.
October
WBG/IMF Annual Meetings 2025
Milestones
MDB reform mandates
MDBs present progress on operationalizing climate into their mandates, outlining opportunities to increase financing for climate projects across developing economies.