Climate change is disrupting economies, societies, and ecosystems, disproportionately affecting the poorest and most vulnerable populations. To meet this growing challenge, the world must act faster and at greater scale to strengthen adaptation and resilience. However, financing for adaptation falls short of global needs.

This technical paper, developed collaboratively by the climate change teams at the multilateral development banks (MDBs), aims to inform ongoing discussions on advancing adaptation and resilience and on MDBs’ role in supporting these efforts. It reflects collective analytical work and does not represent formal institutional positions.