A funding solution for developing nations’ climate challenge

The G20 has set up a high-level committee to suggest reform of multilateral development banks (MDBs) so that they are fit for purpose in the contemporary global scenario. Poverty eradication and reduction of inequality has been the mission of the World Bank for years and the need to keep this emphasis has not disappeared, no matter the global gains on these fronts. However, with climate change now clearly recognised as the greatest global challenge, MDBs must rise and help developing countries in their "green" challenge.