- Suma Chakrabarti, Chair, ODI Board
- Gargee Ghosh, President, Global Policy & Advocacy, Bill & Melinda Gates Foundation
- Stephanie Von Friedeburg, Managing Director, Banking and Capital Markets Advisory, Citi
- Masood Ahmed, President, Center for Global Development
Earlier in July, the G20 published a groundbreaking report proposing a transformative agenda to modernize the multilateral development bank (MDB) system and to address the urgent challenges that endanger on the future of a prosperous and livable planet.
Written by an independent expert group co-chaired by CGD Board Chair Larry Summers and Institute of Economic Growth President N.K. Singh,and supported by experts from CGD, ICRIER, Brookings, ODI, and the Grantham Institute, the report outlines a bold three-pronged approach:
- Amend the mandate for MDBs to add combating climate change and other global public goods to their traditional focus on eliminating extreme poverty and promoting shared prosperity
- Scale up MDB resources with the goal of trebling their annual lending to $400 billion by 2030
- Establish a new funding mechanism to enable flexible and innovative arrangements to attract non-traditional donors—like sovereign wealth funds and philanthropies—to invest in the MDBs
Join CGD’s president Masood Ahmed for a conversation with development and finance leaders as they offer their reactions to the report, their views on MDB reform, and their suggestions for volume two of the report scheduled to be published in October.