Multilateral Development Banks
Facts for Prelims Source: PIB, IE Context: Under the aegis of India’s G20 Presidency, an 11-member G20 Expert Group on “Strengthening Multilateral Development Banks (MDBs) has been constituted. What is MDB? MDB is a financial institution established by multiple member countries and falls under international law. E.g., International Monetary Fund, World Bank, Asian Development …
