Closing the petrochemical loophole: Multilateral development banks and the fossil economy

IEEFA and the International Accountability Project (IAP) launched the Global MDB Petrochemicals Investments Tracker on 18 August 2026. The interactive tracker maps 92 petrochemical projects worth USD10.04 billion across 16 multilateral development banks (MDBs), providing insights into how public finance continues to support the petrochemical industry.

In this webinar, IEEFA and IAP presented the Tracker and its key findings, followed by a panel discussion exploring how MDB investments sustain the petrochemical industry and what this means for climate commitments and safeguards. Speakers from various organisations brought perspectives from Morocco, Nigeria, Sweden, and the United States and examined the significance of these investments in regions such as Southwest Asia and North Africa (SWANA) and sectors such as agriculture, alongside experiences from MDB-funded petrochemical projects in Nigeria.

View the webinar video and slides here.