AfDB advocates for strengthening the role of multilateral development banks beyond financing
On the occasion of its Annual Meetings, to be held from 22 to 26 May 2023 in Sharm el Sheikh, Egypt, the African Development Bank (AfDB) Group plans to highlight the role that multilateral development banks could play in building a new development architecture beyond the financial.
The importance of this subject stems from the fact that multilateralism is currently facing significant challenges, including in responding to climate change, conflict, social fragility, and pandemics. International organizations should maximize their resources by engaging governments, the private sector, and other stakeholders to bring about meaningful change. If this is not done, less-developed economies could become more vulnerable.
