The Prime Minister also said that the world economy is now passing through several challenges due to the staggering effects of the Covid-19 pandemic and the Russia-Ukraine war.
“In this complex global context, development cooperation has become very important in building the resilience of vulnerable sections of the global community and addressing multidimensional crises,” she said.
“We strongly believe that MDBs can play an important role in driving positive change in a critical global landscape,” she continued.
The Prime Minister said that funding from the MDB will foster multi-party dialogue to address global issues and advance policies that will ensure financial support in achieving the SDGs.
This is in accordance with its mandate specified in the 2015 Addis Ababa Action Agenda, she said.
MDBs have an important role to play in promoting global public goods, such as healthcare, education and technology. They have a significant impact on sustainable development, he said.
The Prime Minister further said that MDBs are uniquely positioned to provide technical assistance and knowledge to developing countries, including LDCs, and help build capacity and promote sustainable development.