Panel for bigger, better, bolder MDBs, says Singh

The independent expert group on strengthening multilateral development banks (MDBs) has called for quicker decision making, less risk aversion, and increased private capital. The World Bank is already taking action on these recommendations. The panel, established by India, estimates an annual requirement of $1 trillion to address climate change and other challenges, with half coming from lending and the rest from the private sector.

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