MDB Heads Deepen Collaboration to Support Countries Through Heightened Global Uncertainty
Multilateral Development Banks (MDBs) deepened their collaboration to support countries through heightened global uncertainty, focusing on private sector development, job creation, and long-term sustainable growth. MDBs emphasized their readiness to deploy timely and effective support to help countries manage risks and maintain macroeconomic stability.
The Heads of Multilateral Development Banks (MDBs) met on the sidelines of the World Bank Group–International Monetary Fund Spring Meetings in Washington, DC. They underscored the importance of close cooperation to support stability and safeguard development progress in their member economies amidst heightened global uncertainty. MDBs are working together to support private sector development, job creation, infrastructure, and long-term sustainable growth. They emphasized strengthening efforts to mobilize private finance and expand financing capacity. MDBs also launched initiatives such as Water Forward to advance investable water systems and strengthened collaboration on critical minerals to support diversified supply chains. The MDB Heads Group includes the African Development Bank Group, Asian Development Bank, and others.
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