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Multilateral development banks need reforms to stay relevant


Multilateral development banks have a critical role to play in financing and promoting sustainable development in low and middle-income countries, but there is a need for greater accountability and transparency in their functioning. At a webinar on the role and adequacy of multilateral lenders, the speakers highlighted the need for wide-ranging reforms to ensure that MDBs are accountable to their member countries, stakeholders, and the public, and that they are transparent in decision making and operations.

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