US EditionMultilateral development banks eye up to $400 billion more lending over 10 years
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Multilateral development banks eye up to $400 billion more lending over 10 years
WASHINGTON (Reuters) – The Inter-American Development Bank on Saturday said leaders of 10 multilateral development banks committed to take action in five critical areas, including additional lending headroom totaling $300-400 billion over the next decade. Following a retreat held in Washington at the IDB headquarters, on the sidelines of the International Monetary Fund and World Bank spring meetings, the MDBs said the agreed plan involves “j…
"" The MDBs expect to generate additional borrowing margins of anywhere between 300 billion and 400 billion dollars over the next decade, "" notes the group that met at the MDB in Washington.
A group of 10 multilateral banks announced on this sabbatical that they intend to expand their funding capacity from 300 billion dollars to 400 billion dollars over the next 10 years. Read more
Multilateral development banks eye up to $400 billion more lending over 10 years
By Marcela Ayres WASHINGTON (Reuters) -The Inter-American Development Bank on Saturday said leaders of 10 multilateral development banks committed to take action in five critical areas, including additional lending headroom totaling $300-400 billion over the next decade. The effort comes amid growing calls for these institutions to boost financing under favorable conditions to developing countries, which face greater challenges in climate transi…
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