IDB and other Multilateral Development Banks Deepen Collaboration

Leader from ten multilateral development banks (MDBs) have announced joint steps to work more effectively as a system and increase the impact and scale of their work to tackle urgent development challenges, accelerating progress toward the Sustainable Development Goals (SDGs).

The MDB Heads committed to concrete and actionable deliverables in five critical areas: i) Scaling up MDB financing capacity; ii) Boosting joint action on climate change; iii) Strengthening country-level collaboration and co-financing; iv) Catalyzing private-sector mobilization; v) Enhancing development effectiveness and impact.