African Development Bank and Multilateral Development Bank hold discussions to strengthen collaboration

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The African Development Bank hosted 11 institutions for the annual Multilateral Development Bank (MDB) roundtable on trust funds and co-financing.

The aim of the roundtable hosted by the African Development Bank, was to enhance benchmarking across the development finance institutions (DFIs), raise awareness of emerging innovative approaches to resource mobilisation and of new tools for cooperation, and to share institutional knowledge and best practices.

The main goal of the exercise was to share the most efficient methods for mobilising resources towards the achievement of the Sustainable Development Goals (SDGs).

The recent roundtable acknowledged ongoing institutional reforms to the trust fund and co-financing environment in each MDB.

The delegates noted the increased decentralisation of partnership and donor relation functions and outlined solutions to some of the challenges that such changes can bring. There were also discussions on the role of  developing countries in the establishment and management of the trust funds, and best practices in donor reporting.

The Roundtable sessions also considered blended finance and lessons learned in implementing European Commission (EC) funded projects, given the EC’s increasing influence on concessional resource flows, despite not being represented on the boards of most MDBs.

At the event, the African Development Bank team provided a number of case studies during a session on de-risking tools to crowd in private sector investments in low-income countries, highlighting the work of the private sector credit enhancement facility (PSF) as well as its balance sheet optimisation work, which has helped to release headroom for further investment in fragile states.

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