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  • This report by Climate Policy Initiative and E3G analyzes the financial interactions and Paris Agreement alignment of Multilateral Development Banks (MDBs) and National Development Banks (NDBs) in emerging markets and developing economies (EMDEs). It identifies a lack of comprehensive documentation on climate finance flows between these institutions and highlights significant divergence in how MDBs and NDBs mainstream climate considerations into their operations. The report provides recommendations to optimize operating models, clarify institutional mandates, and share technical expertise to scale up climate-related on-lending.

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    Document type: Report

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