Wahyu Dwi Anggoro
The heads of the MDBs today agreed to boost collaboration in five key areas:
1. Scaling up financing capacity through financial innovations including portfolio guarantees and hybrid capital while stepping up their joint approach to credit rating agencies.
2. Boosting collective efforts on climate as MDBs implement their joint principles for assessment of Paris Agreement Alignment, and better tracking and reporting of climate outcomes beyond joint climate finance reporting.
3. Enhancing country-level collaboration to ensure that joint efforts deliver greater impact.
4. Strengthening co-financing by harmonizing and standardizing our processes and seeking co-financing opportunities for greater speed and reach.
5. Catalyzing private sector engagement including through joint innovative mechanisms that strengthen the mobilization of private capital.
(WHY)
