The Mission of Multilateral Financial Institutions in the Global Economy

The Mission of Multilateral Financial Institutions in the Global Economy

1 June, 15:00–16:15

Mobilizing and allocating resources for infrastructure development, environmental sustainability, poverty alleviation, resource security, and healthcare: the mission and vision of a modern development bank is multifaceted and of enormous importance in driving global growth. How can multilateral development banks play a key role in mobilizing private sector investment for targeted development goals and where do we expect the banks to have the biggest impact over the coming five to ten years?


Key moments

Investors do not want risks and risks are involved if your government structure is not stable enough. Integration is a main story.
Jörg Gasser
State Secretary for International Financial Matters, Federal Department of Finance of the Swiss Confederation
Major topic for development bank is to expect shift of activity from traditional infrastructure to health and education.
Dmitriy Pankin
Chairman of the Management Board, Eurasian Development Bank (EDB)
Russia needs investments, needs long-term financing and clearly a lot of projects have to be created. Our new strategy is how we see working together with multilateral institutions as a local development bank. We do not see ourselves as a competitor to commercial banks or multilateral institutions. We believe that we have to syndicate transactions in Russia.
Nikolay Tsekhomskiy
First Deputy Chairman of the Management Board, Bank for Development and Foreign Economic Affairs (Vnesheconombank)
We are talking with the government right now about setting up a project finance structure, which would set up and convert a short-term financing into long-term financing with a certain government support. We believe that multilateral institution can participate together with us in those investments.
Dimitris Tsitsiragos
Vice President, New Business, International Finance Corporation
There are a lot of private sources of capital – pension funds, insurance companies and sovereign funds. I see the role of Development finance institution in bringing all together – the financing needs of the developing countries and the large pockets of capital that are available. The biggest challenge from my perspective is the lack of financeable projects.
Tomasz Telma
Director for Europe and Central Asia, International Finance Corporation