Multilateral Development Banks (MDBs) provide financial and technical assistance to developing countries. They aim to reduce poverty and promote sustainable development. The World Bank and Asian Development Bank are prominent MDBs. India is a significant stakeholder in these institutions. MDBs often fund infrastructure projects, enhancing regional connectivity. They play a crucial role in climate finance, supporting green initiatives across nations.
During the 59th Asian Development Bank Annual Meetings held in Samarkand, Uzbekistan, India urged the multilateral lender to expand its lending capacity and implement deep institutional reforms to...
