Everyone from the World Bank to the French president to a recent G20 expert group wants to see the private sector do more on global challenges like climate change. Today we bring you what two experienced private bankers say they need from development finance institutions in order to deliver.
In an opinion piece for Devex, Jay Collins, Citi’s vice chairman of banking, capital markets, and advisory, and Stephanie von Friedeburg, a managing director at Citi, lay out five types of changes they say are needed to make DFIs, including multilateral development banks, fit for the 21st century:
1. Product reforms.
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About the author
Vince Chadwickvchadw
Vince Chadwick is a contributing reporter at Devex. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before covering breaking news, the arts, and public policy across Europe, including as a reporter and editor at POLITICO Europe. He was long-listed for International Journalist of the Year at the 2023 One World Media Awards.
