Multilateral activities

    When it comes to effecting structural change on a large scale, multilateral and international organisations like the multilateral climate funds, the World Bank Group and the United Nations are important partners. They implement major programmes in developing countries and emerging economies and coordinate the inputs of various different donors. Multilateral institutions also often play a key role in policy dialogue at national and international level. To complement its bilateral activities, the BMZ therefore engages in ambitious multilateral cooperation in the climate sector.

    Germany makes a major contribution to multilateral climate finance. The BMZ is one of the biggest supporters of the Green Climate Fund (GCF) and the Global Environment Facility (GEF). Germany is also a major donor to the specialised GEF funds such as the Least Developed Countries Fund, the Special Climate Change Fund and the Adaptation Fund, and to the Climate Investment Funds (CIF). In this field, the German government is a strong supporter of inter-fund cooperation. It actively pursues the interests and values that underlie Germany's development policy.

    One key concern of Germany is the provision of support to its partners as they respond to climate-related loss and damage.

    The BMZ is working with the development banks to improve the enabling environment for effective climate policies. Reforms to the global financial system play a special role in this context. Multilateral and national development banks can take the lead in shifting international and local financial flows systematically towards low-emission and climate-resilient investment. That means ensuring that their whole range of activities take account of climate change and its consequences.

    Among other things, the BMZ has successfully campaigned for the International Development Association (IDA), the World Bank's financing instrument for the poorest countries, to mainstream climate change mitigation and adaptation in its core business. Such structural change has a long-term impact – for the benefit of partner countries and also in the interests of global stability, fair markets and joint crisis prevention.