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Joint Statement by MDB Heads: Advancing Joint Action Amid Global Uncertainty
The Heads of Multilateral Development Banks (MDBs) Group met at the Asian Development Bank (ADB) headquarters in Manila on 17 October 2026 to discuss how to deliver more financing and greater impact to support developing countries and clients as they face mounting challenges. Against a backdrop of conflicts, disasters, difficult macroeconomic conditions, and constrained fiscal space, the Heads reaffirmed MDBs’ readiness to provide timely financial and analytical support to protect vulnerable populations and sustain investment in jobs and resilient long-term growth. The Heads welcomed the
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