{"id":234960,"date":"2023-03-29T19:34:15","date_gmt":"2023-03-29T14:04:15","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=234960"},"modified":"2023-03-29T19:34:15","modified_gmt":"2023-03-29T14:04:15","slug":"panel-to-look-at-ways-to-boost-multilateral-banks","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/panel-to-look-at-ways-to-boost-multilateral-banks\/","title":{"rendered":"Panel to look at ways to boost multilateral banks"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the artic<\/span><b>le \u201c<\/b><b>Panel to look at ways to boost multilateral banks<\/b><b>\u201d<\/b><span style=\"font-weight: 400;\"> published in <\/span><b>TOI <\/b>on <b>29th March 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A nine-member G20 expert panel has been set up to suggest ways to strengthen multilateral development banks (MDBs) like the World Bank.<\/span><\/p>\n<h2><b>About the G20 expert group on strengthening multilateral development banks(MDBs):<\/b><\/h2>\n<p><b>Chaired by: <\/b><span style=\"font-weight: 400;\">The group is co-chaired by Former US Secretary of Treasury Larry Summers and India&#8217;s NK Singh, Chairman of the 15th Finance Commission.<\/span><\/p>\n<p><b>Mandate of the group:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">To draw up a roadmap for an updated MDB ecosystem for the 21st century so that these institutions are better equipped to finance a wide range of sustainable development goals and global challenges such as climate change and health.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To evaluate the funding required by and from multilateral development banks to address their and member countries&#8217; increased financing needs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To draw up a <\/span><span style=\"font-weight: 400;\">mechanism for coordination among these MDBs to address and finance global development.<\/span><\/p>\n<h2><b>What are <\/b><b>Multilateral Development Banks(MDBs)?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Multilateral Development Banks(MDBs) refer to international financial institutions that provide development and other assistance to nations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MDBs include World Bank, IMF, BRICS Development Bank, Asian Development Bank, New Development Bank, etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MDBs provide long-term loans for the capital-intensive infrastructure sector for developing countries, assist to deal with humanitarian crisis situations, help nations to build capacity for resource generation and exploration, etc.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cPanel to look at ways to boost multilateral banks\u201d published in TOI on 29th March 2023 What is the News? A nine-member G20 expert panel has been set up to suggest ways to strengthen multilateral development banks (MDBs) like the World Bank. About the G20 expert group&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/panel-to-look-at-ways-to-boost-multilateral-banks\/\">Continue reading <span class=\"screen-reader-text\">Panel to look at ways to boost multilateral banks<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9],"tags":[10496],"class_list":["post-234960","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-public","tag-times-of-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700902348},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/234960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=234960"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/234960\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=234960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=234960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=234960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}