Under the aegis of India’s G20 Presidency, a 11-member expert group has been set up to explore measures to strengthen the multilateral development banks (MDBs).
Professor Lawrence Summers, President Emeritus, Harvard University and N K Singh, are co-convenors of the G20 Expert Group.
The panel would work on making a road map for an updated MDB ecosystem for the 21st century.
It would develop Mechanisms for coordination among MDBs for them to address and finance global development and other challenges more effectively.