From News Desk

In a period of heightened global uncertainty, including the evolving situation in West Asia, the Heads of Multilateral Development Banks (MDBs) have underscored the importance of close cooperation to support stability, safeguarding development progress and responding to mounting pressures in their member economies.

“MDBs are working more closely than ever to support our members and clients through a complex and evolving global environment,” said Masato Kanda, President of the Asian Development Bank and current Chair of the MDB Heads Group. “By combining our financial strength, knowledge and partnerships, we are helping countries manage immediate pressures while building resilience for the future.”

MDBs noted that the impacts of current global developments are already being felt through higher energy costs, supply chain disruptions and tighter financial conditions. The Heads emphasised MDBs’ readiness to deploy timely and effective support to help countries and clients manage risks, maintain macroeconomic stability and protect vulnerable populations. 

Against this backdrop, MDB Heads reaffirmed their shared commitment to deepen collaboration and deliver impact at scale, with a strong focus on private sector development, job creation, infrastructure and long-term sustainable growth in line with their respective mandates, strategies and operational focuses.