G20: MDBs need nearly $3 trillion additional spend a year till 2030

It also said that an incremental $500 billion per year by 2030 is needed in official development finance, of which $260 billion should be channeled through MDBs

The G20 independent expert group on strengthening Multilateral Development Banks (MDBs) in its report said that an additional spending of around $3 trillion per year is needed till 2030, a part of which can come from leveraging the current balance sheets and implementing the capital adequacy framework.

The report, however, said that there is a need for a significant increase in fresh equity of $100 billion across all MDB institutions. 

It also said that an incremental $500 billion per year by 2030 is needed in official development finance, of which $260 billion should be channelled through MDBs.

The report is