G20 greenlights multilateral development bank reforms, crypto rules

G20 greenlights multilateral development bank reforms, crypto rules

Marrakech, Morocco: The G20 finance ministers and central bank governors (FMCBG) agreed to “ambitious efforts” for substantially reforming and strengthening multilateral development banks (MDBs), including increasing their lending capacity. They also adopted a road map for the regulation of crypto assets, marking significant progress on India’s G20 agenda. “…The G20 finance track saw key achievements … Read more

Multilateral Development Banks need discontinuous change: Larry Summers, former US Treasury Secretary

Multilateral Development Banks need discontinuous change: Larry Summers, former US Treasury Secretary

Multilateral Development Banks (MDBs) need discontinuous change rather than merely continuous evolution for their transformation, former US Treasury Secretary Larry Summers tells Deepshikha Sikarwar in an interview. Summers co-chairs the Independent Expert Group on strengthening MDB reforms, set up by the G20 under India‘s presidency. The group will present the second part of its report … Read more