📈 MDBs Strengthen Joint Action to Boost Financing and Global Impact

• Key Highlights: Heads of Multilateral Development Banks (MDBs)—including ADB and World Bank Group—met in Manila to translate shared commitments into practical action aimed at helping developing members protect gains and attract private capital. • Macroeconomic Challenges: Action targets growing pressure on member countries facing economic uncertainty, high debt, inflation, disasters, and constrained fiscal space. • Priority Sectors: Focus remains on sustaining investments in jobs, nature, climate, water, critical minerals, and artificial intelligence to foster long-term resilient growth. • System Efficiency: MDBs pledged enhanced system efficiency and stronger private capital mobilization across developing economies, with the European Investment Bank Group taking over as Chair in December 2026.