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On the margins of the Spring Meetings of the World Bank Group and the International Monetary Fund, VP Fayolle signals the importance of long-term as well as short-term responses in debate on development finance in light of the coronavirus crisis. The exchange took place at the meeting of Friends of the G20 Eminent Persons Group debate.

"In the face of the coronavirus crisis, the Multilateral Development Banks’ collective response to support our partner countries has been swift – prioritising key investments in healthcare an SMEs for example. The short-term impact of COVID-19 is undeniable but we must not lose sight of the longer-term needs of fragile populations for sustainable development including in terms of climate action."
Ambroise Fayolle, Vice President of the EIB