Latest Multilateral Development Banks News & Updates

New Delhi, May 15 (IANS) External Affairs Minister (EAM) S Jaishankar on Friday underlined the need for credible and reformed multilateralism in world which is “more interconnected, complex and multipolar”. While chairing the BRICS Foreign Ministers’ Meeting session on ‘Reforms of Global Governance and Multilateral System’, EAM Jaishankar stressed that the United Nations’ effectiveness and credibility will remain constrained without expansion of permanent and non-permanent categories.He highligh…

Washington, April 16 (IANS) The World Bank Group has launched a global initiative to improve water security for one billion people by 2030, linking access to reliable water directly to jobs, economic growth and stability across developing economies. The platform, called Water Forward, aims to align reforms, financing and partnerships to expand water services and strengthen resilience to droughts and floods.“Water is foundational to how economies function. When water systems work, farmers produ…