Philippines, Feb. 25 -- The Asian Development Bank (ADB) convened the first 2026 meeting of the Heads of Multilateral Development Banks (MDBs) Group, marking the start of ADB's chairship. Held virtually, the meeting brought together leaders of major multilateral development institutions to reflect on the global economic and development landscape and to reaffirm their commitment to coordinated action in support of sustainable development. The MDB Heads agreed to focus efforts throughout 2026 to crowd in private capital, expand MDB financing capacity, strengthen institutional collaboration and delivery, and increase joint action on select development issues such as jobs, artificial intelligence, water, critical minerals, and nature.
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