MDBs and IMF Discuss Global Pressures, Advance Private Investment Fund

Heads of multilateral development banks (MDBs) and the International Monetary Fund (IMF) met in Manila to discuss global economic pressures and financing for developing nations. The MDBs confirmed progress toward launching a joint fund designed to attract private investment into these economies. Officials also noted that capital adequacy reforms implemented since 2023 have expanded the combined lending capacity of the banks by $792 billion over the next decade.

The banks are working to give institutional investors greater access to assets through their “originate-to-distribute/share” initiative. Officials stressed the importance of local-currency financing and measures to address foreign-exchange risk to support domestic financial markets in emerging economies.