France, May 19 -- Asian Development Bank (ADB) President Masato Kanda told G7 finance ministers and central bank governors in Paris that multilateral development banks (MDBs) are moving together to help countries manage the economic fallout from the Middle East conflict, combining financing, policy support, private sector instruments, and technical expertise to protect vulnerable economies. Mr. Kanda's remarks followed the 18 May Joint Statement by Seven Multilateral Development Banks Pledging Support to Address Impacts of the Middle East Conflict, in which the institutions said they were responding to requests from countries and clients facing impacts from the conflict. In the statement, the MDBs said they are "uniquely positioned" to supp...