Countries now more open to giving capital to MDBs: Singh

Several countries are becoming more open to providing capital to multilateral development banks (MDBs) such as the World Bank, according to N K Singh, co-chair of an expert group on MDB reform. However, he cautioned that it may take time before large amounts of private resources can flow to these entities. Singh said that there appeared to be consensus among G20 countries and MDBs on the need for reform, and that this should encourage other MDBs to make changes.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/e9qOhso