Multilateral development banks (MDBs) presented joint plans to expand climate finance at the COP31 conference. In 2025, financing provided to low- and middle-income countries increased by 21% to $102.6 billion. Of this amount, $68 billion was allocated to reducing greenhouse gas emissions, while $34.6 billion supported climate change adaptation. By 2030, the banks aim to increase annual financing for these countries to $120 billion, while mobilizing up to an additional $65 billion in private capital.
At the same time, MDBs are strengthening joint mechanisms for preparing and financing investment projects. At COP31, a new partnership initiative was introduced to mobilize public and private investment in infrastructure development, water resource management, and climate risk reduction. In addition, a program supporting long-term climate strategies is being implemented, with an initial portfolio of $14 million covering more than 30 activities.
These financing mechanisms are also relevant to Uzbekistan, offering additional opportunities to attract international and private investment for the modernization of the energy sector, industry, and water management infrastructure.
According to a report published on November 12 by international consulting firm PwC, global sovereign wealth fund assets are projected to increase by nearly 50% to $22.4 trillion by 2030, while public pension fund assets are expected to reach $36.3 trillion.
Sovereign wealth funds are shifting from predominantly investing in traditional financial assets toward direct investment in artificial intelligence and infrastructure projects. This transition is strengthening their influence on technological development and structural economic transformation.
According to the report, investment in artificial intelligence remains concentrated primarily in the United States, reflecting the growing geographic concentration of capital in advanced technology sectors.
Germany's Deutsche Bank, Commerzbank, and savings banks have agreed to establish a joint venture to combat financial fraud.
The new system will enable banks to share information on suspicious transactions and potential fraud cases, allowing financial crimes to be detected at an earlier stage.
According to the banks, fraudsters frequently use accounts at multiple financial institutions, transferring funds between them within short periods. Until now, individual banks have generally had visibility only into transactions within their own systems. Interbank information sharing will help identify patterns of suspicious transactions and reduce the risk of financial fraud.
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