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An Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks

October 8, 2022

In 2022, the G20 established the independent review to evaluate MDB capital adequacy. Based on the evidence, the review panel concluded that government shareholders, MDB management and credit rating agencies have overestimated the financial risks facing MDBs by underestimating their unique strengths. The panel proposes several measures to update capital adequacy policies and make more efficient use of MDB capital.

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