New Business Ethiopia Quotes Eric LeCompte on the Finance in Common Summit, noting the need for multilateral development banks can expand their approaches to tackling global crises. Read an excerpt below, and click here for the full article.
Global development banks to avail loans for crisis recovery
The third yearly Finance in Common Summit takes place amidst a world economy facing multiple shocks and calls for increasing lending capacity for development banks. “What distinguishes this third Finance in Common from the two previous ones, is that now there are proposals to push development banks to do more,” said Eric LeCompte, Executive Director of the religious development group Jubilee USA Network. “Development banks play an important role in crises. With the pandemic, Ukraine war, inflation, food prices and climate challenges, we will demand more of them.”
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