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World Bank, multilateral development banks jointly seek to boost lending power

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The World Bank on Friday said it is bolstering collaboration with nine multilateral development banks (MDBs) to accelerate its vision of a liveable planet...

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua

Increased collaboration among the multilateral development banks is a key part of the World Bank's new playbook, and one supported in a statement at the ongoing annual meetings of the Bank and International Monetary Fund by Group of 20 finance leaders. The banks agreed to boost financing capacity through portfolio guarantees and hybrid capital, while stepping up a joint approach to credit rating agencies.

 

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