Heads of Multilateral Development Banks commit to strong joint action on development priorities

The Council of Europe Development Bank (CEB) hosted in Paris a meeting of the Heads of Multilateral Development Banks (MDBs), focused on advancing their joint efforts to address development priorities.

Some of the key agreements and commitments were:

• Developing local currency lending and foreign exchange solutions

• Adequate risk assessment for private sector investment in emerging markets and developing economies

• Implementing the recommendations of the G20 Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks (CAF)

• Continue advancing promising initiatives already underway to strengthen system-wide impact (e.g. Mission 300; Association of South East Asian Nations (ASEAN) Power Grid; Digital Transformation in Education in Latin America and the Caribbean)

• Joint actions to scale up investments in social infrastructure, including health, education, housing, and water and sanitation