On April 13, the Brookings Institution convened a conversation to discuss how multilateral development finance institutions can support shared prosperity in a shifting global context. Hosted by the Global Economy and Development program on the sidelines of the 2026 Spring Meetings of the World Bank Group and International Monetary Fund, the event featured a fireside chat between European Investment Bank President Nadia Calviño and Senior Fellow Homi Kharas.
Key takeaways
Calviño underscored that multilateral development banks are strengthening coordination and working more closely as a system, including aligning strategies, sharing risk, and relying on each other’s processes to reduce duplication and increase efficiency. She highlighted a growing focus on delivering impact at scale, including setting concrete targets and mobilizing private capital alongside public financing. The fireside conversation also noted that attracting private investment depends not only on financial instruments, but on availability of data on returns and loss-given-default, regulatory frameworks, and the capacity of partner countries to develop and implement projects effectively.
Looking ahead, the conversation underscored priorities including climate transition, energy security, global health, and human capital. Calviño stressed that cooperation must translate into measurable outcomes, with institutions working together to deliver financial stability, resilience, and long-term growth. Calviño highlighted the role of values in guiding investment decisions and pointed to efforts to support sustainable development, strengthen partnerships, and contribute to global stability in an increasingly uncertain environment.
Brookings President Cecilia Rouse delivers welcoming remarks.
European Investment Bank President Nadia Calviño provides keynote.
Senior Fellow Homi Kharas moderates the fireside chat with EIB President Nadia Calviño.
Kharas and Calviño engage in a conversation on how multilateral development finance institutions can support shared prosperity.
The Brookings Institution is committed to quality, independence, and impact.
We are supported by a diverse array of funders. In line with our values and policies, each Brookings publication represents the sole views of its author(s).
Commentary
Key takeaways from Brookings conversation with European Investment Bank President Nadia Calviño
April 20, 2026