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Case study

MDBs harmonize approaches for tracking in order to improve disclosure of important climate data

In 2012, the MDBs created a joint approach for climate finance tracking and reporting that responds to the context in which the MDBs invest in developing and emerging economies. It is built on the premise that development finance is being provided in a world shaped by climate change.
Key points
  • Harmonization can help ensure publically reported data is consistent.
  • Notwithstanding harmonization of the approach to tracking, some differences in reporting are to be expected due to the varying businesses models across these financial institutions.