Category: Event

Boosting MDBs’ Role and Capacity in Development Finance


In July, the G20 published the report it had commissioned from an independent panel of experts to assess MDB capital adequacy. The report’s recommendations, if implemented, would support a major increase in collective MDB lending, likely reaching hundreds of billions of dollars over time. The report spells out how this expansion in lending can be achieved while maintaining strong MDB institutional ratings. This event–co-hosted by the Government of Indonesia, current chair of the G20, and CGD–will feature remarks by Indonesia’s Finance Minister Sri Mulyani and an examination of the report’s recommendations by key stakeholders: G20 shareholders, MDB managers, credit rating agencies, and private investors.


Opening Remarks 

Introduction

  • Wempi Saputra, ​​​Indonesia G20 Finance Deputy, Assistant of Minister for Macro Economy and International Finance 

Keynote Speech 

  • Sri Mulyani, Minister of Finance, Republic of Indonesia

Presentation of the CAF Report

  • Dr. Frannie Leautier, Senior Partner and CEO, SouthBridge Investments

Panelists

  • Roberta Casali, ​​​​Vice President, Finance and Risk Management, Asian Development Bank
  • Alejandro Olivo Villa, Managing Director, Regional Head for Sovereign Ratings in Europe and the Americas, Moody’s Investors Service
  • Karby Leggett, Managing Director Global Head of Public Sector and Development Organizations. Corporate & Institutional Banking, Client Coverage, Standard Chartered Bank

Closing Remarks 

  • Domenico Fanizza, Executive Director for Italy, Portugal, Greece, Malta, Albania, and San Marino, International Monetary Fund

Moderator

  • Byungsik Jung, Co-Chair, International Finance Architecture Working Group, G20

Multilateral Development Banks’ Capital Adequacy Frameworks: Options for Reform?

This event is co-hosted with ODI.

In 2021, G20 members created an independent panel to evaluate whether multilateral development bank (MDB) shareholder capital is being used efficiently and to understand whether MDBs can lend more without threatening their long-term financial integrity. This was in response to a growing sense among policymakers that MDBs need reforming if they are to play a more meaningful role in addressing the global crises of today and tomorrow.

The panel’s Independent Review of MDBs’ Capital Adequacy Frameworks report was subsequently published in July. It centred on five recommended reforms: re-evaluating MDB risk limits, recognising the benefits of callable capital, expanding the use of financial innovations, enhancing dialogue with credit rating agencies, and promoting greater transparency regarding MDB credit performance.

As well as discussing the recommendations of the report and framing the emerging issues and priorities, this webinar will explore the following questions:

  • Are MDB capital adequacy policies fit for purpose to face current global challenges?
  • Can MDBs safely lend more without threatening their bond ratings?

SPEAKERS

Chair
 
Sara Pantuliano
Chief Executive, ODI (Chair)

Masood Ahmed
President, Center for Global Development (Moderator)
  
Introductory remarks
 
Francesca Utili, Director of International Financial Relations, Italian Department of the Treasury
 
Presenters
 
Frannie Leautier, CEO SouthBridge Group and ODI Trustee – Expert Chair of the Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks

Chris Humphrey, Senior Research Associate, ODI – Member of the expert group 

Hans Peter Lankes, Visiting Professor in Practice, London School of Economics – Member of the expert group 

Nancy Lee, Senior Policy Fellow, Center for Global Development – Member of the expert group
 
Discussants
 
Afsaneh Beschloss, CEO, RockCreek

María del Carmen Bonilla Rodríguez, Deputy Undersecretary for Public Credit, Mexican Ministry of Finance and Public Credit

Wempi Saputra, Assistant Minister of Finance for Macroeconomy and International Finance, Government of Indonesia

Rajiv Shah, President, Rockefeller Foundation