UN Secretary-General Antonio Guterres aims to sustain the momentum of Multilateral Development Banks (MDB) reforms initiated during India s G20 presidency, according to N. K. Singh, Chairman of the 15th Finance Commission. Singh, after a positive interaction with Guterres and Deputy Secretary-General Amina Mohammed, highlighted Guterres commitment to advancing MDB reforms outlined in the 2 Vol. IEG Report.
This milestone marks a paradigm shift in the global development strategy as it underscores culture as a fundamental pillar for inclusive and sustainable development and recognises its impact on social inclusion and economic growth
As Brazil assumes the presidency, we hope leaders lay the groundwork for digital innovation that will lead to a healthier, more prosperous world. If the G20 maintains the momentum in 2024 that India kicked off
Speaking at COP28 UAE, N K Singh said MDBs mobilising and galvanising private financing requires a multi-year strategic and whole-of-institution approach by MDBs. He said they can become bolder by greater use of guarantees.