Key Points
NEW DELHI: Ahead of the meeting of G20 finance ministers and central bankers, under Indias presidency, in Marrakech next week, the Development Committee of the World Bank has proposed the creation of additional annual lending capacity of more than $100 billion over the next decade for the multilateral lender to run a more inclusive agenda on climate change and poverty alleviation...
The final recommendations of the joint ministerial committee of the boards of governors of World Bank and the International Monetary Fund reflect suggestions made by the Independent Expert Group set up by the G20 co-chaired by 15th Finance Commission chairman N.K. Singh and former US treasury secretary Larry Summers...
The group has already submitted its second volume to finance minister Nirmala Sitharaman and will make a detailed presentation to the G20 at Marrakech, a person privy to the development told ET...
The proposed measures, along with the preferencing approach, also respond to the innovative fundraising mechanisms (Global Challenges Funding Mechanisms) proposed in the report of an Independent Expert Group, commissioned by the G20, the Development Committee paper stated...
You might be interested in
G20 panel to suggest ways to enhance MDB lending: NK Singh
10, May, 23On March 28, G20 India Presidency set up the expert group co-convened by 15th Finance Commission chairman Singh and former US Treasury secretary Lawrence Summers.
'Seeking more resources for multilateral banks'
21, Jun, 23India Business News: NEW DELHI: The independent expert group on strengthening multilateral development banks (MDBs) is looking at a wider mandate for these institutions, w.
G20 expert group examining ways to enhance lending capacity of multilateral development banks: NK Singh
10, May, 23Singh, who is the co-convenor of the G20 Independent Expert Group, stressed that Multilateral Development Banks (MDBs) need to leverage their internal resources and optimise their balance sheets for higher lending. We certainly intend to be cognizant of the leveraging ability of multilateral institutions, Singh said.
Panel for bigger, better, bolder MDBs, says Singh
12, Oct, 23India Business News: The independent expert group on strengthening multilateral development banks (MDBs) has called for quicker decision making, less risk aversion, and in
How to have ‘bigger, bolder, better’ MDBs? G20 expert panel presents roadmap
13, Oct, 23The high-level G20 panel moots trebling lending limits of multilateral banks by 2030, which includes attracting private investors and introducing pooled portfolio guarantees
Expert group may seek quick recap of MDBs
18, Apr, 23Best of the Week News: NEW DELHI: With the expert group on strengthening multilateral development banks (MDBs) backing finance minister Nirmala Sitharaman's call for "transf.
G20 panel on multilateral banks’ reforms to meet this week
09, Apr, 23The G20 expert group on reforming multilateral development banks (MDB), jointly steered by Harvard University president emeritus Lawrence Summers and Fifteenth Finance Commission Chairperson N.K. Singh, is slated to hold its first in-person meeting in Washington this week.
World Bank needs to reinvent: N K Singh
24, Feb, 24International Business News: The World Bank needs to reinvent, restructure, and recreate itself to harness private capital and foster multilateral cooperation. It should tap pensi
Will suggest tangible ways to optimise World Bank balance sheet: N.K. Singh
10, May, 23Singh said that in order to make a meaningful dent on poverty, achieve shared prosperity and fund global public goods, these institutions must become relevant to the growth and development needs of all developing countries
Expanding MDBs' vision risks fund diversion: NK Singh
20, Jun, 23Leading economist and co-chair of the independent G20 expert group on multilateral development banks (MDBs) NK Singh Tuesday said broadening of their vision has a moral hazard as it would lead to diversion of funds from goals to lift extreme poverty.