Dilemma of multilateral finance: Scaling up capital from pvt sector crucial

A critical way to serve this need is to create a "third funding mechanism". That means drawing in money from the private sector in addition to the corpus that signatory governments and trusts provide

Last week, a report entitled “G20 Independent Expert Group on Strengthening MDBs”, authored primarily by Larry Summers, former US treasury secretary, and N K Singh, chairperson of India’s fifteenth Finance Commission, was placed before the Third G20 Finance Ministers and Central Bank Governors meeting in Gandhinagar, Gujarat. The meeting was jointly chaired by Finance Minister Nirmala Sitharaman and Reserve Bank of India (RBI) Governor Shaktikanta Das.

Interestingly, the meeting did not accept the recommendations of the expert group but stated that the G20 “may choose to discuss” them “to enhance their effectiveness”. Yet the topic of the report, on global