Multilateral development banks

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

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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

G20 expert group examining ways to enhance lending capacity of multilateral development banks: NK Singh

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G20 expert group examining ways to enhance lending capacity of multilateral development banks: NK Singh

A G20 expert group is examining how the lending capacity of the multilateral development banks can be substantially enhanced to help developing nations meet the SDGs and eliminate poverty, N K Singh, co-convenor of the group, said on Wednesday. Singh, who is the co-convenor of the G20 Independent Expert Group, stressed that Multilateral Development Banks … Read more

Multilateral development banks should intensify pvt capital mobilisation for inclusive, green growth: Sitharaman

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Multilateral development banks should intensify pvt capital mobilisation for inclusive, green growth: Sitharaman

New Delhi, Multilateral development banks like AIIB need to intensify private sector capital mobilisation for inclusive and green development, Finance Minister Nirmala Sitharaman said on Tuesday. Participating in the sixth Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB), the minister also urged the multilateral bank to explore investment opportunities for … Read more