 "NK Singh, Finance Commission")
Multilateral development banks (MDBs) need a whole-of-institution approach to mobilise $240 billion in private capital by shifting from risk avoidance to informed risk-taking, the second volume of the G20 independent expert group’s report on strengthening MDBs has said.
After 80 years of status quo, it is time to introduce new instruments — in the form of pooled portfolio guarantees and hybrid capital — and new investors into the MDB capital stack. This, the expert group said in a series of recommendations that lay out the changes, which MDBs need to bring to implement the G20 Leaders’ vision, the report said.
“There has
