MDBs launch new platform to coordinate support for economic migration and forced displacement

Seven multilateral development banks, including the African Development Bank, launched a new platform to enhance collaboration on economic migration and forced displacement on Friday at the International Monetary Fund-World Bank Group Spring Meetings in Washington, DC. The new platform represents a strong effort by MDBs to enhance cooperation to address these challenges, in response to a request made by the G7 in May 2017. “The African Development Bank has been investing heavily in fragile states in Africa, helping to build education, strengthen institutions, and provide critical infrastructure, especially electricity, water and sanitation. We are delighted with this new platform which will allow us to work with other multilateral development banks, using fragility lenses to drive inclusive development,” said African Development Bank President Akinwumi Adesina.

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