Friday, July 10, 2015

International Financial Institutions announce $400 billion to achieve Sustainable Development Goals

The multilateral development banks (MDBs) and IMF today signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilize the resources needed to meet the historic challenge of achieving the Sustainable Development Goals (SDGs). The institutions—the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, World Bank Group (referred to as the MDBs), and the International Monetary Fund—announced their plans in the lead-up to the Third International Conference on Financing for Development in Addis Ababa, July 13-16.

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