Stretch Funds News Today

MDBs were not designed to tackle today's climate and development finance issues and calls for MDB reform are growing. Here's what the ideal MDB could look like.

Calls for MDB reform have emerged in recent years, including at COP27 and by G20 leaders. These have largely focused on scaling up the amount of funding available. What’s really needed is a paradigm shift: MDBs must evolve both in the work they do and the way they operate to meet the world’s urgent climate and development finance needs.