In a Viewpoint Note, the leaders outlined key deliverables for joint and coordinated action in 2024 and beyond, building on progress since their Marrakech declaration in 2023, as their institutions work to accelerate progress toward the Sustainable Development Goals (SDGs) and better support their clients to address regional and global challenges.

MDB heads committed to concrete and achievable results in five critical areas:

1. Increase the financing capacity of the MDBs. The MDBs expect to generate an additional lending margin in the order of US$300-400 billion over the next decade, with the support of shareholders and partners.

2. Catalyze private sector mobilization. The MDBs are committed to increasing private sector financing for development objectives, including through the application of innovative financial approaches and instruments.

3. Strengthen country-level collaboration and co-financing. MDBs are engaging in dialogues and supporting country and country-led platforms to facilitate their work with banks.

4. Improve development effectiveness and impact.

5. Drive joint action on climate change. MDBs are increasing their joint climate engagement.

Translated by: A.M