Development banks: Climate, empowering women must be priorities


Nadia Calvino, President of the European Investment Bank. — Reuters

SEVILLE: Multilateral development banks (MDBs) need to sharpen their focus on delivering climate action and on empowering women, the heads of two major MDBs in Asia and Europe say, as they face calls to be bolder, more flexible and inclusive.

The president of the European Investment Bank (EIB), Nadia Calvino, and of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun, were speaking on the sidelines of the once-a-decade United Nations development financing summit taking place in Seville.

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