MDBs Welcome G20 Endorsement of Reform Roadmap to Strengthen Global Development

The Heads of 10 multilateral development banks (MDBs) supported the  G20 Roadmap towards Better, Bigger, and More Effective MDBs, following its endorsement by G20 leaders. The Roadmap outlines an ambitious vision to continue reforming MDBs to address both regional and global challenges, create new job opportunities, and accelerate progress toward the Sustainable Development Goals (SDGs) and the Paris Agreement climate targets.

This endorsement is part of Brazil’s G20 presidency, building on commitments made by G20 leaders in New Delhi in 2023. The G20 document recommends boosting MDBs’ financing capacity and enhancing collaboration with governments, national banks, and the private sector.