This report maps for the fourth consecutive year BFI climate financial flows to developing countries. During 2011 the members of the working group accounted for nearly 10 billion USD of climate change finance to developing countries, and 13% of all public climate finance. 74% of these funds were allocated to mitigation and 26% to adaptation. While all member institutions provide more financing for mitigation, they all increased the proportion of total climate finance allocated to adaptation this year.