GLOBAL: Multilateral development banks (MDBs) including the IsDB, estimated that their annual collective climate financing for low and middle-income countries will reach US$120 billion with US$42 billion for adaptation and MDBs aiming to mobilize US$65 billion from the private sector.
For high-income countries, this annual collective climate financing is projected to reach US$50 billion, including US$7 billion for adaptation.
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