This report focuses on activities that Multilateral Development Banks (MDBs) carry out in developing and emerging economies.

It is built on the premise that development finance is being provided in a world shaped by climate change. The report covers financing for climate change mitigation and adaptation projects and activities, in developing and emerging economies, committed by this group of MDBs in 2014. It contains an overview of MDB climate finance from 2011 to 2014; information about the financial instruments used by MDBs for climate finance; and additional thematic regional coverage, including small island states and least developed countries.

There are two sections to the report: Section 1 contains total MDB climate finance numbers for 2014, broken down by adaptation and mitigation and by sector and geographic region, as well as MDB climate finance since 2011. Section 2 provides explanations on the MDB joint approach: definitions, geographical coverage, and sectoral breakdown. It also contains a guidance section and provides case studies to illustrate the MDB adaptation and mitigation finance tracking approach.

[Adapted from source]