IDB eyes joint goals with multilateral banks

IDB President Ilan Goldfajn said the effort is aimed at making multilateral banks work as a system while they explore new and innovative ways to leverage loan granting. — Reuters

WASHINGTON: The Inter-American Development Bank (IDB) plans to release a statement tomorrow with joint goals of multilateral development banks (MDBs) that is expected to entail priority-sharing and the possibility of project co-financing, the bank’s president says.

In an interview with Reuters at the bank’s headquarters on Wednesday, IDB President Ilan Goldfajn said the effort is aimed at making multilateral banks work as a system while they explore new and innovative ways to leverage loan granting.