A much stronger focus on preventing crises. Strengthened safeguards on the use of IMF resources. Greater openness and enhanced accountability of the IMF itself. Re-framing the priorities of the Multilateral Development Banks . Ministers also put forward a framework for concrete change in the MDBs.
Effective lending depends on clear conditions.
The MDBs should play a lead role in providing global public goods. MDB lending must not supplant private resources. The MDBs must stand ready to respond quickly to temporary disruption of access to private capital, in order to accelerate the return to markets and graduation from MDB assistance. Consistent with this consensus, Ministers agreed to work to operationalize the following key reforms. Articulation of multiyear frameworks with clear commitments to increase support for core social investment such as basic health and education, clean water and sanitation.