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The document argues that MDBs must shift from a project-by-project approach to a systemic, program-based model to address the climate crisis in emerging markets and developing economies (EMDEs). It recommends scaling country sector platforms, deploying risk-sharing instruments like guarantees and local currency financing, and overhauling MDB business models through standardization and an 'originate-to-distribute' balance sheet strategy. The authors emphasize the need for better integration of domestic financial institutions and increased transparency in data sharing to mobilize private capital at scale.

The document argues that MDBs must shift from a project-by-project approach to coordinated country and sector platforms, utilizing 'Just Term Sheets' to standardize transition investments. It recommends scaling risk-sharing instruments, such as guarantees and local currency loans, to lower the cost of capital in EMDEs. Furthermore, it calls for a business model overhaul, transitioning from an 'originate to hold' to an 'originate to distribute' model to recycle capital and increase lending capacity. The paper also emphasizes the need for standardized KPIs, improved data sharing via entities like the GEMS risk database, and the institutionalization of crisis-response toolkits for regular climate action.