New Delhi: The two co-conveners of the expert group on the reform of multilateral development banks (MDBs) have begun consultations with the heads of other agencies as they seek to understand the complementarities that these institutions have. world Bank and how the institutions can move forward in a coordinated manner.
Larry SummersProfessor Emeritus at Harvard University and former US Treasury Secretary, and NK SinghSources said the chairman of the 15th Finance Commission has started consultations with the heads of at least nine MDBs in Washington. included in the list New Development BankAsian Infrastructure Investment Bank, Asian Development Bank, African Development Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank and World Bank.
While there is growing agreement that the World Bank will need more capital to meet a range of financing needs and a broader mandate that will include climate finance, there has been no assessment of how well other MDBs can be used. How can be done to give better result for both. Poor as well as middle income countries. The group is also expected to look at other MDBs and suggest ways to help them meet the goals. An important component of the terms of reference, expert groups factor in ways to optimize resources and coordination between these entities will help.
Larry SummersProfessor Emeritus at Harvard University and former US Treasury Secretary, and NK SinghSources said the chairman of the 15th Finance Commission has started consultations with the heads of at least nine MDBs in Washington. included in the list New Development BankAsian Infrastructure Investment Bank, Asian Development Bank, African Development Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank and World Bank.
While there is growing agreement that the World Bank will need more capital to meet a range of financing needs and a broader mandate that will include climate finance, there has been no assessment of how well other MDBs can be used. How can be done to give better result for both. Poor as well as middle income countries. The group is also expected to look at other MDBs and suggest ways to help them meet the goals. An important component of the terms of reference, expert groups factor in ways to optimize resources and coordination between these entities will help.