A report detailing the implementation of the G20 Roadmap towards Better, Bigger, and More Effective MDs, was presented at a meeting held by Heads of Multilateral Development Banks (MDBs) Group, over the weekend.
It illustrates progress across institutions and at system level and as well as achievements of MDBs, such as increased lending capacity, leveraging private capital for development, strengthening operational collaboration and measuring results.
Development Banks also agreed to enhanced transparency and comparability of MDBs’ financial positions through the publication of the first “MDB Comparison Report” prepared by the newly constituted Global Risk and Finance Forum (GRaFF).
They also released contributions to water projects, in a joint report titled “Joint Annual MDB Water Security Financing Report”.
This report was first made public, at the Fourth International Conference on Financing for Development (FfD4) in Sevilla.
Another relevant one, is the “Social Infrastructure in Focus: The Role of Multilateral Development Banks”illustrating how MDBs – individually and collectively – support investment in health, education, housing, and water, which play a critical role in increasing productivity, creating jobs, and contributing to resilient societies.
Picture: European Investment Bank