New Delhi, April 18 -- Multilateral Development Bank (MDB) leaders have pledged to deepen their collaboration to support member countries facing heightened global uncertainty. Meeting in Washington DC on the sidelines of the World Bank Group-International Monetary Fund Spring Meetings, the heads of the world's major development institutions underscored the importance of close cooperation to maintain stability and safeguard development progress.

The Heads of MDBs Group includes the African Development Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Developm...