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Multilateral banks need major changes to boost lending - G20 panel

Multilateral development banks (MDBs) must undergo big changes in the way they operate to eliminate poverty, triple sustainable lending levels by 2030 and create a new funding mechanism to further its agenda, a G20 panel said in a report on Tuesday.

Morning Bid: Retail, housing and banks test jaunty July

Germany adds 60% more onshore wind power in 1st half but pace seen too slow

Germany added 60% more onshore wind capacity in the first half of 2023 than a year earlier at a total of 1,565 megawatts (MW), but needs far more to reach its 2030 target, wind industry lobbies said on Tuesday.

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