Multilateral development banks still need work on implementing reforms, group says
- April 11, 2024
- Infrastructure
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The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas, but most have miles to go in implementing other needed reforms, a tool tracking the reforms shows. The tracker, developed last year by the Center for Global Development (CGD), assessed progress at seven multilateral development banks (MDBs) on 28 specific items under five categories: using capital more efficiently, expanding capital, adding global challenges to their mandates, mobilizing private finance and making country engagements more efficient.
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