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


  • 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.

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