Multilateral activities

    When it comes to effecting change on a large scale, multilateral organisations like the World Bank Group and the United Nations are important partners. They are able to implement major programmes in developing countries and emerging economies and can coordinate the inputs of various different donors. Multilateral institutions also often play a key role in policy dialogue at national and international level. To complement its bilateral activities in the climate sector, the BMZ therefore has an ambitious multilateral portfolio.

    Germany makes a major contribution to multilateral climate finance. The BMZ is one of the largest donors to the Green Climate Fund (GCF) and the Global Environment Facility (GEF). Germany is also a major donor to the specialised GEF funds such as the Least Developed Countries Fund and the Special Climate Change Fund, and to the Adaptation Fund and the Climate Investment Funds (CIF). In the multilateral climate funds, the German government is a strong supporter of inter-fund cooperation. In international institutions, it actively puts forward the development policy positions and values embraced by Germany.

    In addition to this, Germany is providing strong support to its partners to assist them in dealing with climate-related loss and damage.

    The BMZ is working with the multilateral and regional development banks to help establish the right environment for climate policies to be truly effective. Multilateral banks can act as global pioneers, in particular by channelling global financial flows into low-emission and climate-resilient investment pathways. That means ensuring that their whole range of activities take account of climate change and its consequences. Among other things, the BMZ has successfully pressed for the International Development Association (IDA), the World Bank's financing instrument for the poorest countries, to mainstream climate change mitigation and adaptation in its core business.