This report urgently calls for reform within Multilateral Development Banks (MDBs) to adapt to the changing global economic landscape, as emphasized during the New Delhi G20 Leaders Meeting in September 2023. With Brazil assuming the G20 Presidency in 2024, there's a recognized need for committed changes, focusing on capital efficiency, operational agility, and collaborative synergies. The Inter-American Development Bank (IDB) is identified as a pivotal actor in spearheading these reforms, given its central role in coordinating the G20 presidency in Brazil and assuming leadership positions within MDBs.
The report presents key themes from a roundtable discussion on innovation's role in advancing the G20 2024 agenda, involving perspectives from public, private, and international organizations. This discussion aimed to raise awareness, foster collaboration, and share best practices, underlining the crucial role of innovation in achieving G20 priorities.