2:00—3:30 PM
Center for Global Development
2055 L St, NW
- Fifth Floor
Washington, DC 20036

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


  • 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.

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