NADEL’s Chris Humphrey on G20 Panel for Development Banks
A G20-appointed independent panel, including NADEL’s own Chris Humphrey, publicly released their report on how to boost the capacity of the World Bank and other multilateral banks for the coming decades.
Covid-19, unsustainable debt, food disruptions, armed conflict, climate change impacts. The World Bank and other multilateral development banks (MDBs) are on the front lines in helping face the multiple crises of our age.
In the face of these daunting challenges, G20 governments created an independent panel in July 2021 to advise on how MDBs can do more.
ETH NADEL’s Chris Humphrey was named to the panel, along with 13 other members. After months of intensive work, the panel just completed its report and passed it to the G20 finance ministers, who publicly released it on July 20.
The report finds that MDBs could collectively substantially increase lending capacity by re-thinking highly conservative financial policies.
MDBs need many other reforms, but these proposals can give them a solid financial foundation on which to build.
external pageG20 Report on Multilateral Development Banks
Watch back the webinar: "Multilateral Development Banks’ Capital Adequacy Frameworks: options for reform?"
15 Sep 2022, 15:00-16:30 (CET)
In this webinar, organized by ODI, NADEL's Chris Humphrey and other experts and members of the panel will discuss the recommendations of the report and frame the emerging issues and priorities. Furthermore, they will explore the following questions:
- Are MDB capital adequacy policies fit for purpose to face current global challenges?
- Can MDBs safely lend more without threatening their bond ratings?
