COP28 Multilateral Development Banks (Mdb) Joint Statement

2 December 2023
Content from a Premium Partner
African Development Bank (Abidjan)
press release

The climate crisis is rapidly worsening with increasingly severe and visible social, environmental, and economic impacts across the world. The window of opportunity to secure a liveable and sustainable future for all is rapidly closing. Recognising the interlinkages between the triple planetary crises of climate, nature, and pollution, achieving the Sustainable Development Goals, the goals of the Paris Agreement and the Kunming-Montreal Global Biodiversity Framework (GBF) requires all of us to step up our efforts with urgency and scale.

In October 2023 in Marrakesh, we committed to strengthening our collaboration with our clients, development partners, civil society, the private sector and with others, to reduce poverty and inequality, and address the crises.

Acknowledging the calls from COP27 for increasing our climate ambition, we come to COP28 ready to build on the major progress and outcomes delivered during this past year:

At COP28, we reaffirm our commitment to socially inclusive, gender responsive and nature positive climate and development action, taking into account our different mandates, our unique country and client networks, operating models, geographies, and expertise.

We will achieve this through:

The climate and ecological crises are intertwined with many other global challenges. It is therefore also essential to strengthen collaboration in line with our respective mandates and governance frameworks on:

Reflecting the urgency and scale of the issues to be addressed, we are boosting our joint action on climate and development, strengthening our collaboration to scale up finance and enhance results measurement, strengthen country-level collaboration, and increase co-financing and private sector engagement.

COP28 Multilateral Development Banks (MDB) Joint Statement

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