This paper discusses an approach for aligning policy-based operations (PBOs) from multilateral development banks with the goals outlined in the Paris Agreement. The Glasgow Climate Pact calls upon MDBs to accelerate the alignment of their activities with the Paris Agreement, but an approach for PBOs has not yet been determined. To be considered aligned, PBOs must promote long-term macro-fiscal stability and a just transition to climate neutrality by 2050.

This paper discusses how the International Monetary Fund (IMF) and its member countries can more systematically include climate change in their dialogues. Climate change impacts are felt through economic and financial sectors, but many solutions are outside of the IMF's core expertise. This paper underlines how inclusion of relevant data and experts in the risk assessment, analysis, prioritized topics, and consultation process could help both the IMF and countries, and support coherent and relevant guidance.

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This paper discusses various ways through which Multinational Development Banks (MDBs) can mobilize private capital. The paper provides insights into innovative de-risking mechanisms and structures, to catalyze private finance for climate investments. To understand how MDBs can become 'mobilizers', it teases out the specific features from these mechanisms that could be replicated and scaled under certain conditions..