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Do Multilateral Development Bank Trust Funds Allocate Climate Finance Efficiently?

In this paper, we provide an overview of the rising number of climate-related trust funds at multilateral development banks (MDBs).

The Paris Agreement has been celebrated as a breakthrough for international climate policy. However, relatively scant attention has been given to the emergent ecosystem of climate finance facilities that support it. We provide an overview of the rising number of climate-related trust funds at MDBs.

The publication is available here.