Are Southern-led MDBs the future of development finance?
Development finance is no longer just about aid. It’s about power, priorities, and who gets to decide.
For decades, institutions like the World Bank and IMF have set the agenda, with high-income countries holding the reins. But a shift is underway. Southern-led multilateral development banks (MDBs) – where borrowing nations are also the majority shareholders – are rewriting the rules.
These banks, like CAF (Development Bank of Latin America) and the Trade and Development Bank (TDB) Group, bring something different to the table: speed, flexibility, and a laser focus on local needs. But they…
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