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MDBs should partner private cos for development: Report
Mint Mumbai
|July 20, 2023
Development banks should change their approach in order to bring the private sector into the centre of efforts to mobilise finance for sustainable development strategies, according to the independent panel that advise G20 nations on improving the balance sheets of multilateral institutions.
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In the report titled ‘Strengthening multilateral development banks-the triple agenda’ presented to G20 finance ministers and central bank governors, the nine-member committee argued that development banks should engage with the private sector in a new way, including by co-creating investment opportunities and programmes.
Fifteenth Finance Commission chairperson N.K. Singh and former US treasury secretary Lawrence Summers were co-convenors of the panel.
This story is from the July 20, 2023 edition of Mint Mumbai.
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