The heads of the World Bank and International Monetary Fund on Tuesday said they would work with the incoming U.S.

The world's top multilateral banks pledged to ramp up climate finance to low and middle income countries to $120 billion a ...

Credit - Photo-Illustration by TIME (Source Image: Allison Shelley—The Washington Post/Getty Images) ...

BAKU - The world's top multilateral banks pledged on Tuesday to ramp up climate finance to low and middle income countries to ...

As climate change leads to a seemingly endless stream of weather disasters around the world, countries are struggling to ...

Multilateral development banks (MDBs) today issued a joint statement at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.

Asian Development Bank boosts climate lending by $7.2 billion with US and Japan guarantees, setting precedent at COP29.

The World Bank's roadmap for carbon markets outlines a strategy to enhance governance, security, and data interoperability, creating a reliable infrastructure to mobilize climate finance and support ...

The new capital market mechanism is designed to raise money to help build clean energy projects in developing countries.

As 198 nations convene in Baku, Azerbaijan, for the 29th United Nations climate summit, one word will almost certainly ...

MDBs have argued their capacity to scale climate finance further is dependent on their country shareholders paying more in.

Good morning from Baku. More world leaders are due to address the summit today. Look out for Italian Prime Minister Giorgia ...