Expert group on MDB reform to focus on development, green finance

Expert group will hold first in-person meeting in Washington next week

The G20 expert group on strengthening multilateral development banks (MDBs) set up under India’s presidency will hold its first in-person meeting in Washington DC starting Wednesday on the sidelines of the spring meeting of the World Bank and the International Monetary Fund.

The group is likely to focus on greater coordination among more than a dozen MDBs and channelling private capital into green finance.

Last month, India constituted the nine-member expert group with Lawrence Summers, president emeritus at Harvard University, and NK Singh, chairperson of the Fifteenth Finance Commission, as the co-convenors of the group.

The expert group has been