The Heads of Multilateral Development Banks (MDBs) Group, chaired in 2025 by the Council of Europe Development Bank (CEB), met today to review progress on joint actions and chart priority areas for the Group's future work.
Heads noted that their collaborative engagement has deepened throughout 2025, under the CEB's Chairship of the Group, building successfully on the momentum generated by the MDBs' Viewpoint Note of 2024. They welcomed progress made in several areas since their last meeting in Paris on 28 June 2025 and reaffirmed their determination to work as a system for greater impact at scale.
This progress includes:
· Presentation of a comprehensive joint report to the G20 on the implementation of the G20 Roadmap towards Better, Bigger, and More Effective MDBs, documenting progress across institutions and at system level and detailing MDBs' achievements in a wide range of areas, including increasing lending capacity, leveraging private capital for development, strengthening operational collaboration and measuring results.
Heads also noted ongoing work in a number of areas including mobilizing additional private capital for development including through disaggregated credit risk statistics published in the Global Emerging Markets Risk Database (GEMs), coordinating on originate-to-share/distribute models; boosting financial innovations; scaling up flagship regional initiatives such as Mission 300; promoting reliance arrangements; and supporting investments in social infrastructure. Heads agreed to continue reviewing joint deliverables and priorities. On the upcoming COP30 in Belém, Brazil, in November 2025, MDBs stand ready to support countries and clients in delivering on their strategies. After their gathering, Heads held an exchange of views with the Director General of the International Atomic Energy Agency, Rafael Grossi, on trends in civil nuclear energy.
The role of the Chair of the Heads of MDBs Group will be passed in December from the Council of Europe Development Bank to the Asian Development Bank. The Heads of MDBs Group thank CEB's Governor Carlo Monticelli for his leadership and commitment during his tenure as Chair of the Group.