10 development banks back expert group's recos

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During a meeting in Marrakech, UK chancellor Jeremy Hunt committed to providing capital support for multilateral development banks (MDBs), while other countries such as the US, Italy, and Saudi Arabia also expressed openness to the idea. The International Economic Governance (IEG) emphasized the need for more capital for MDBs to enable them to lend more, a suggestion supported by India's finance minister and the World Bank president.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SajWUQL

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