Key Points
The proposed transformation roadmap of multilateral development banks (MDBs) has secured wide backing of these entities, people familiar with the deliberations told ET...
The MDB reform programme will be taken up at the G20 finance ministers and central bank governors' (FMCGB) meeting in Marrakech under India's presidency on October 12-13...
The reforms blueprint is derived from the report of the Independent Expert Group (IEG), co-chaired by 15th Finance Commission chairman NK Singh and former US treasury secretary Larry Summers, set up by the G20...
The panel was set up under India's G20 presidency with a mandate to develop a road map for an updated MDB ecosystem - with milestones and timelines - that includes recommendations on the vision statement, incentive structure, operational approaches, and financial capacity...
Finance minister Nirmala Sitharaman chaired a meeting with the heads of MDBs last Friday in the run-up to the upcoming Marrakech ministerial to discuss the reforms suggested by the IEG...
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