Key Points
The European Bank for Reconstruction and Development (EBRD) said that different multilateral development banks (MDBs) are useful as they each have different perspectives and approaches that can complement each other, during the G20 finance ministers and central bank governors meeting..
EBRD President Odile Renaud-Basso said deeper engagement with the Indian private sector is being sought and that the Indian government has recognised MDB reforms as a key area of focus..
The London-based multilateral lender is also eyeing deepening its engagement with the Indian private sector looking to invest in countries of its operation, its president Odile Renaud-Basso said...
It is useful to have different MDBs because each one has a different perspective, she told ET on the sidelines of the two-day G-20 finance ministers and central bank governors meeting here...
India has identified MDB reforms as a key focus area during its G-20 presidency and has tasked an expert panel headed by leading economist N K Singh and former US treasury secretary Larry Summers to look into it..
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