Development banks pledge support in 1st Manila meeting

Inquirer.net - Oct 18, 2026

MANILA, Philippines — The heads of 10 multilateral development banks (MDBs) agreed to expand their financing capacity to help developing countries like the Philippines weather mounting economic pressures from geopolitical conflicts and increasingly severe climate disasters. In their first-ever meeting in the country on Saturday, the bank leaders pledged to strengthen cooperation in mobilizing private

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