Towards Stronger Multilateral Development Banks

INCLUSIVE, SUSTAINABLE and resilient growth’ has emerged as an important theme in recent times.

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Policy circles are abuzz with discussions on the pathways to achieve this growth. At a time when we are faced with multiple crises including poverty, lack of progress towards SDGs, food and energy insecurity, debt distress, climate change, poverty and inequality, there is a need to bring about major reforms to tackle each of these challenges. Substantial and impactive reforms require considerable resources and a robust and efficient international development finance architecture. Multilateral Development Banks (MDBs) play an important role in this system, providing long-term resources for the world to address emerging challenges and attain growth in a manner that leaves no one behind.