Ideas to Action:

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Public Event

How Can Multilateral Development Banks Best Engage Middle-Income Countries?

Thursday, October 17, 2019 - 2:00pm to 3:30pm


  • Mauricio Cárdenas, Former Minister of Finance and Public Credit; former Minister of Mines and Energy of Colombia; Distinguished Visiting Fellow, Center for Global Development (CGD)
  • Suma Chakrabarti, President, European Bank of Reconstruction and Development
  • Nick Dyer, Director General, Economic Development and International, Department for International Development, United Kingdom
  • Luis Alberto Moreno, President, Inter-American Development Bank
  • Takehiko Nakao, President, Asian Development Bank
  • Clare Walsh, Deputy Secretary for Global Cooperation and Development, Department of Foreign Affairs and Trade, Australia


  • Masood Ahmed, President, CGD


  • Mark Plant, Chief Operating Officer of CGD Europe, Co-Director of Development Finance, and Senior Policy Fellow, CGD


As countries grow to middle-income status and gain access to commercial lending, the development community is increasingly at odds as to if and how multilateral development banks (MDBs) should continue to lend to middle-income countries (MICs). Part of the community is of the view that MDB lending and technical assistance should be directed to lower-income countries, whose access to finance is limited, technical capacity is most strained, and poverty is more deeply entrenched. Nonetheless, the development challenge remains in most middle-income countries, where the greatest number of poor people reside, and significant progress needs to be made to meet the 2030 Sustainable Development Goals. Also, MICs can often make a significant contribution to various global public goods, including climate change mitigation, limiting pandemic disease, and international migration. There is also an opportunity for so called “south-to-south” learning, intermediated by the MDBs.

This panel will discuss the issues confronting MDBs and their MIC clients in shaping their interaction for the next 10-20 years. It will be moderated by CGD’s President, Masood Ahmed.

Related Experts

Photo of Mark Plant
Chief Operating Officer of CGD Europe, Director of Development Finance, and Senior Policy Fellow
Photo of Masood Ahmed

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