Triple Agenda of Reforms to Multilateral Development Banks

MDB reforms for global prosperity

This report of the Independent Expert Group (IEG), appointed under the auspices of the 2023 Indian G20 Presidency, recommends a triple agenda of reforms to multilateral development banks (MDBs). The three elements of this agenda are: (1) adopting a triple mandate of eliminating extreme poverty, boosting shared prosperity, and contributing to global public goods; (2) tripling sustainable lending levels by 2030; and (3) creating a third funding mechanism which would permit flexible and innovative arrangements for purposefully engaging with investors willing to support elements of the MDB agenda.