At the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Bali on 15-16 July, the G20 welcomed the report on the Independent Review of Multilateral Development Banks’ (MDBs’) Capital Adequacy Frameworks (CAFs). Minister Sri Mulyani
Indrawati, chairing the G20 FMCBG meeting with Governor Perry Warjiyo, said “MDBs have a critical role in providing affordable financing to support economic recovery and to help achieve Sustainable Development Goals (SDGs) in a post-pandemic context”.
The Report sets out a package of recommendations aimed at unlocking additional resources to maximize MDB development impact, while persevering their credit ratings and preferred creditor treatment. Full report could be accessed at https://g20.org/wpcontent/uploads/2022/07/CAF-Review-Report.pdf