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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 


  • 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


  • 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


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



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MDB Reform and African Priorities

Center for Global Development, PEP Network, Policy Center for the New South (PCNS), REPOA, The African Center for Economic Transformation (ACET)

May 29, 2024 9:00 am