The G20 expert group on strengthening multilateral development banks (MDBs) may present some priority areas with timelines for consideration at the leaders’ summit in September.
The nine-member expert group is headed by India’s 15th Finance Commission chairman NK Singh and former US treasury secretary Larry Summers. The expert group plans to submit its report by June 30.
“It will be our endeavour to also seek action on some issues which we believe are priority areas… At this moment, it will be speculative to say what these priority areas will be. But certainly, we will lay it out,” Singh told. “The World Bank has also used the word priority action. So, we will also certainly debate and discuss what those priority areas could be and what proximate action can be.”