A coalition of ten multilateral development banks has launched a new co-financing platform to enable them to channel additional capital for development scale and impact.
Launched on Friday at the ongoing annual meetings of the International Monetary Fund and World Bank Group, the global collaborative co-financing platform will consist of the digital co-financing portalAdvertisement According to a statement, the second component of the platform, tagged, ‘Co-Financing Forum’ would provide a space for participants to discuss co-financing opportunities, best practices, and common issues, and also support ongoing efforts to coordinate policies to reduce the burden on partner countries.
The Bretton Wood institution said strengthening partnerships is a key element of its new playbook aimed at boosting impact.
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