Multilateral Development Banks in the Post-COVID Era: Old Challenges and New Opportunities

04 Jun , 12:00–13:15
Joining Forces to Advance Development
Pavilion G, conference hall G25 (first floor)

During the coronavirus pandemic, the multilateral development banks faced unprecedented global challenges that required an overhaul of the operational model and set new tasks for them. Among them, were the need for new approaches to supporting the private sector and creating jobs, a focus on development of human capital and social issues, an active approach to the ‘green’ and ‘climatic’ agendas, introduction of new ESG standards, and creation of a stable infrastructure. New global challenges have emphasized the need of even greater coordination in the work of development institutions both on global and regional levels. In the course of carrying out development projects in the EAEU/CIS, development banks must take into account not only the revised goals and objectives, but also the features intrinsic to the region. Development banks face such challenges as insufficiency of well-developed integration and transformation projects, risks of sanctions, imperfections of regulatory framework, and others. Improving coordination and cooperation of these institutions, including carrying out joint projects, developing new formats and instruments, and searching for synergy and new growth points, are the solutions that will allow material improvement of development banks’ potential in the region and achieve noticeable growth in the number of significant transformation and integration projects in the EAEU/CIS.

Sergey Storchak, Chief Banker, VEB.RF

Denis Ivanov, Chairman of the Board, International Bank for Economic Co-operation (IBEC)
Denis Ilyin, Deputy Chairman of the Management Board, Eurasian Development Bank
Konstantin Limitovskiy, Vice President, Investment Operations Ⅱ - East & Central Asia, EMEA & Americas, Asian Infrastructure Investment Bank (online)
Timur Maksimov, Deputy Minister of Finance of the Russian Federation (online)
Dmitry Pankin, President, Chairman of the Board of Directors, Black Sea Trade and Development Bank
Oleg Pankratov, Chief Executive Officer, VTB Infrastructure Holding
Vasily Savin, Partner, Head of Power and Utilities, KPMG in the CIS
Renaud Seligmann, Country Director for the Russian Federation, Europe and Central Asia, The World Bank Group (online)
Zhu Xian, Vice President, Chief Operations Officer, New Development Bank (NDB BRICS) (online)
Svetlana Yachevskaya, Deputy Chairman, Member of the Board, VEB.RF