12:00—1:30 PM ET / 5:00-6:30 PM GMT+1

MDB Evolution: How to Make MDBs Work as a System


Svenja Schulze, Federal Minister for Economic Cooperation and Development of Germany

Nirmala Sitharaman, Minister of Finance, India


Anshula Kant, Managing Director, World Bank

Jordan Schwartz, Executive Vice President, Inter-American Development Bank (IADB)

Swazi Thabalala, Senior Vice President, African Development Bank (AfDB)

Woochong Um, Managing Director General, Asian Development Bank (ADB) 


Masood Ahmed, President, Center for Global Development

How can the multilateral development banks (MDBs) evolve to meet growing global crises? Amid increasing debt, climate change, and the threat of future pandemics, MDBs must come together to work as a system to address mounting challenges. At present, the MDBs are each set up with their own mandates, governance, and priorities. While these diverse structures come with their own merits—such as greater innovation, efficiency, and new forms of capital—achieving the MDBs’ ambitious objective helping countries transform their economies requires better coordination.
On the sidelines of the IMF-World Bank Annual Meetings in Marrakech, the German Federal Ministry of Economic Cooperation and Development (BMZ) and the Center for Global Development co-hosted a high-level panel event on how the MDBs can work together better to advance the provision and protection of global and regional public goods and improve development outcomes. 

For a full list of CGD Meetings in Marrakech, click here.

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