Devex @ World Bank-IMF: How multilateral development banks can better address climate change
Update: 2024-10-28
Description
With the World Bank-International Monetary Fund annual meetings wrapped up, all eyes are now turning to the upcoming United Nations Climate Change Conference, COP29, to be held next month in Baku, Azerbaijan.
So how do multilateral development banks stack up? Are their policies and programs enough to address climate shocks? Can and should they take on more risk? And is the money that MDBs have promised actually getting to where it needs to go?
To explore these questions and more, Devex Senior Reporter Adva Saldinger speaks to Pepukaye Bardouille, director of the Bridgetown Initiative and special adviser on climate change to Barbados Prime Minister Mia Mottley; and Warren Evans, who has a long history of working on climate issues at multilateral development banks.
So how do multilateral development banks stack up? Are their policies and programs enough to address climate shocks? Can and should they take on more risk? And is the money that MDBs have promised actually getting to where it needs to go?
To explore these questions and more, Devex Senior Reporter Adva Saldinger speaks to Pepukaye Bardouille, director of the Bridgetown Initiative and special adviser on climate change to Barbados Prime Minister Mia Mottley; and Warren Evans, who has a long history of working on climate issues at multilateral development banks.
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