Multilateral Development Bank efforts to mainstream climate adaptation: progress from the perspectives of three countries

Multilateral development banks (MDBs) are expected to play a critical role in closing the gap between the volume of finance needed by developing countries to prepare for climate change and the amount of funding they currently have available. They have committed to increasing their financing for climate adaptation as well as aligning their country portfolios with the adaptation priorities of developing country governments. This paper explores the progress of four MDBs—the African Development Bank, the Asian Development Bank, the Inter-American Development Bank, and the World Bank—on meeting their adaptation finance commitments based on the experiences of Kenya, Nepal, and Peru.