Multilateral Bank chiefs renew pledge to deliver ambitious new development agenda



10 October 2016 – Washington, DC, USA – The Heads of the world’s leading Multilateral Development Banks underscored their commitment to delivering on their ambitious goals for the Development Agenda to 2030.


In a statement issued in Washington, D.C. on 9 October on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) they pledged to redouble their efforts to scale-up financing for development and their capacity to achieve the Sustainable Development Goals (SDGs) agreed in 2015 by leveraging, mobilizing, and catalysing resources at all levels. Noting that official assistance flows would not suffice to finance the “trillion dollar” 2030 Agenda, the MDBs reaffirmed their commitment to deepen and widen their partnerships with both the private and public sectors.

“We will individually and collectively bring in emerging and existing global, regional, sub-regional and national partner institutions and, together, contribute to the success of the 2030 Agenda, helping countries to leverage the financing and knowledge of the MDBs and the IMF to address their most pressing development challenges and, as such, contribute to achieving the transformative outcomes that the SDGs entail,” the MDB Heads’ statement concluded.

Link to the full statement

Source: European Bank for Reconstruction and Development