Development Banks committed $19.6 billion to water projects in 2024

Ten multilateral development banks (MDBs) active in the water sector have approved global investments totalling $19.6 billion (€17 billion) in 2024. According to the inaugural Joint Annual MDB Water Security Financing Report, launched on the sidelines of the 4th International Conference on Financing for Development in Seville, nearly three-quarters of these funds were earmarked for low-, lower-middle-, and upper-middle-income countries.

Multilateral development bank heads and private sector leaders map out deeper cooperation in Seville for development

The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies