How do MDBs cooperate?

How do MDBs cooperate?

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Multilateral development banks (MDBs) have a long history of working together, both at institutional and operational level.

Some of the strategic areas of MDB cooperation are:

  • Climate action: Coordination is particularly intense in this area, as MDBs play an important part in making the Paris agreement a reality. Since 2011, MDBs publish joint reports on climate finance. The European Investment Bank (EIB) tracks climate finance using definitions developed and harmonised in cooperation with peer institutions.

Key figures from the 2018 joint report on MDBs climate financeJoint MDB climate finance 2018

Call for action: Click to enlarge

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  • Migration: Since 2016, various MDBs including the EIB participate in a working group on migration and forced displacement. Among other collaboration initiatives, they share assessments and identify joint projects as well an innovative financing mechanisms.
  • Jobs and growth: Jobs are at the heart of the development community’s objective of ending poverty, in line with the UN sustainable development goals. In cooperation with the other MDBs and interested donor countries, the EIB supports the Let's Work Partnership, which aims at creating more and better private sector jobs globally.

Some recent areas of collaboration among MDBs include mobilisation of private finance, risk management in emerging markets (GEMs database) and blended finance for private sector operations.

Overall, more than a hundred working groups, task forces and expert circles have been set up by MDBs in order to exchange knowledge and develop common standards.

The EIB participates in the annual general meetings of other multilateral banks, notably the World Bank and the European Bank for Reconstruction and Development (EBRD). It is also a shareholder in the latter, alongside the European Union.

Joint publications