Multilateral Development Banks
MDBs long way from realising alignment to Paris Agreement
Two years after the 2015 Paris Agreement, the world’s multilateral development banks (MDBs) committed to align their financial flows with the landmark climate pact’s goals.
Session 26 Oct: To LNG or not, is that the question?
If Africa needs to move its baseload generation away from coal assets, what is going to replace it? Gas is a proposed pathway, but does this not lock us into a different fossil fuel?
Ed’s note: A splurge of funding for Africa, what is it good for?
Are you willing to take a guess as to the amount of funding allocated to Africa's power and energy market in the last 24 months?
Adesina’s call to action on raising the climate adaptation bar
“Our ambition is bold: to galvanise climate resilience actions...and mobilise financing at scale...,” said Adesina, the AfDB's president.
EBRD reinforces renewable drive via stake in Egypt’s Infinity Energy
The European Bank for Reconstruction and Development (EBRD) is investing $60 million to become a shareholder in an Egyptian private energy company, Infinity Energy, through the issuance of new shares.
The funds will go towards...
AfDB adds seven FIDIC documents to its project finance bidding
FIDIC has granted the AfDB licence to refer to seven FIDIC contracts for projects they finance, which can form part of the Bank’s bidding documents.
Multilateral Development Banks align climate change goals
Multilateral Development Banks have established a joint framework for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change.
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