Roundtable 1: Evolving the model of multilateral development banks to address the 21st century challenges
10:30 – 11:30 AM CEST
Grand Auditorium, Palais Brongniart
Speakers:
- Abiy AHMED, Prime Minister, Ethiopia (V20 member)
- Janet YELLEN, Secretary of the Treasury, United States of America
- Nirmala SITHARAMAN, Minister of Finance, India
- Ajay BANGA, President, World Bank
- Melinda FRENCH GATES, Co-chair, Bill & Melinda Gates Foundation
- Mafalda DUARTE, Managing Director, Climate Investment Funds
Moderator: Mr. Bruno LE MAIRE, Minister of the Economy and Finance, France
Context and main issues
In the context of multisectoral shocks, with the risk that developing countries take divergent paths, three major changes must be considered: (i) a change in approach to reconcile the protection of the climate and biodiversity with the objectives of development in all development financing institutions, (ii) a change of scale by mobilizing all our instruments and partners to continue to move forward following the first encouraging results of the review of the adequacy framework (CAF), (iii) a change in methods to ensure that the multilateral development banks (MDBs) work in symbiosis, but also hand in hand with other development instruments,and that climate and environment funds work effectively.
