The G20 expert group on strengthening multilateral development banks (MDBs) has begun its work in the US capital amid intensified discussions on reforming the World Bank —a key agenda of India’s presidency of the grouping.
Experts led by former US treasury secretary Larry Summers and veteran Indian policymaker N.K. Singh began meetings last week on the margins of the Spring Meetings of the International Monetary Fund and the World Bank.
Singh told HT the group has held its first in-person internal meeting and also interacted with heads and top officials of a range of multilateral banks, besides engaging with other stakeholders.
They also met Union finance minister Nirmala Sitharaman, who is chairing the G20 finance track and took the lead in setting up the group, on Saturday.
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