ISLAMABAD: Global climate finance provided by multilateral development banks (MDBs) rose by 10 per cent in 2024, reaching a record $137 billion, with the bulk directed to low and middle-income economies, according to a new report.

Private finance mobilised by MDBs for climate action also climbed sharply, reaching $134bn in 2024 — a 33pc increase from the previous year.

High-income states got $51.5bn in support

The report, released by the Asian........

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