Archive · 2 Jul 2025
Development Banks Prioritize Climate and Empowering Women
Big banks that help countries develop are talking about how they want to help with climate change and help women.
They want to give money to projects that will help the climate.
Some people think the banks should be more ambitious.
The United States, which used to give the most money, isn't at the meeting.
They don't like some of the ideas, such as prioritizing women or increasing the amount of money given to help the countries.
The banks are also discussing how to make sure their actions make a difference.
Heads of major development banks emphasize climate action and women's empowerment.
The United States' absence at the summit due to policy changes has raised concerns.
Development banks face calls to be more ambitious and flexible.
Jin Liqung supports civil society's push for more climate action.
Nadia Calvino highlights the importance of translating climate commitments into investments.
- Who
- Nadia Calvino (EIB) and Jin Liqung (AIIB).
- What
- Heads of major development banks discussed climate action, women's empowerment, and criticisms of ambition.
- When
- The discussion took place on the sidelines of the United Nations development financing summit.
- Where
- Seville, Spain.
- Why
- To address calls for bolder action on climate and inclusivity.
Views on Lending Capacity and Standards
Current Ratings
Stellar Credit Ratings
Views on Lending Capacity and Standards
Some suggest development banks should prioritize ambitious targets and possibly lower credit ratings to achieve more impactful investments.
Current Ratings
Others, like Calvino, believe the current system of AAA ratings allows for higher-risk investments and leverages EU guarantees.
- Banks Involved
- European Investment Bank (EIB) and Asian Infrastructure Investment Bank (AIIB)
- Location
- Seville, Spain
- Key Topics
- Climate action, women's empowerment
- US Position
- Withdrawn from UN climate efforts; objected to gender-related terms.