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Multilateral Development Banks deepen collaboration to work as a system
Developing a banking system is on the agenda of the G20 International Financial Architecture WG. The goal is to make institutions better, bigger and more agile in the face of the challenges of the global economy.
Lula discusses priorities at G20 with IMF and Asian Investment Bank
The President discussed the reform of global governance with the heads of multilateral financial institutions and defended investments to promote social inclusion and combat poverty. The meetings happened in Brasilia on Monday (4/3) and were attended by Fernando Haddad, Minister of Finance, and Dilma Rousseff, President of the NDB.
The International Financial Architecture Working Group holds its first meeting and debates global challenges and priorities
The first meeting of the G20 International Financial Architecture Working Group, presided by Brasil, discussed proposals to remodel the global financial order. The focus is on strengthening international financial institutions, approaching the challenges of sovereign debt and promoting resilient capital flows. The quest for a more effective and representative financial architecture is expected to dominate the proposals discussed in the Working Group, with important advancements in terms of the global economic and financial stability.