The New Urban Agenda and the role of the Multilateral Development Banks, Urban Stage, Habitat III
18 Oct 2016 - Acting as a group, the Multilateral Development Banks (MDBs) have historically played a very important role in development. Through their work on country level alignment, harmonization of policies procedures and practices, and their leadership in developing an agenda on managing for development results, they are a major stakeholder to strengthen coherence in development cooperation. Using their joint convening power MDBs are increasingly reaching out to other development partners. More recently, Multilateral Development Banks are playing a strategic role in the 2030 sustainable Development Agenda. With joint statements – among others - on Climate Finance and Forced Displacement Crisis, the MDBs have outlined coordinated action contributing to the implementation of global development agendas. In the context of joint statements the MDB’s bring together a wide ranging and deep expertise, deployment of finance and technical assistance, cooperating even more with each other and working in partnership with national institutions and countries and also with public and private organizations.