MDB Support of a Just Transition: Translating Commitments and Principles into Concrete Action

In 2019, the multilateral development banks (MDBs) collectively committed to support countries in transforming their economies towards low carbon and climate resilient development. Acknowledging that the unprecedented speed and scale of these transformations pose challenges but also opportunities to different social groups, sectors, regions, and economies, the MDBs also committed to supporting a just transition that promotes economic diversification and inclusion. Building on these initial commitments, in October 2021, the MDBs developed a set of MDB Just Transition High-Level Principles to ensure that their support to deliver a just transition is consistent, credible, and transparent. With the foundations firmly established, this event will feature how MDBs are translating these high-level principles into concrete support that is consistent with their priorities and mandates, as well as the needs of their member countries and clients. It will discuss key issues and showcase experiences and lessons in operationalizing and driving the just transition agenda forward in diverse contexts.