• The world faces a triple crisis of economic insecurity, climate change, and stalled development, but there are deep tensions between the policy agendas being deployed to address them. We propose a new Indo-Pacific multilateral bank that can turn these tensions into complementarities.
• The bank can accelerate clean energy funding by mobilising new public and private capital investments, primarily for projects in the Indo-Pacific’s developing economies. And it can create multilateral economic security by diversifying green supply chains to dilute the current excessive dependence on China.
• The bank would create benefits for both developing and advanced economies, fostering new industries and diversified, resilient markets while helping build the multilateral cooperation and capabilities needed to construct a more secure and sustainable world.

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