Why and How the CAF Report Had Impact

In 2022, the G20 released the Independent Review of Multilateral Development Banks’ (MDBs’) Capital Adequacy Frameworks (CAF) report. The panel of experts that authored the report carefully assessed existing MDB capital adequacy frameworks and offered clear, specific recommendations for using capital more efficiently. The recommendations detail how changes in capital adequacy frameworks can drive hundreds of billions of dollars in additional lending capacity over time from existing MDB capital, while maintaining strong MDB credit ratings. The report’s impact has been striking. The G20 endorsed its recommendations and the major MDBs are in the process of implementing them.
Two years after the report’s publication, we now have the opportunity for a retrospective. Why was it so successful? What impact has it had so far and what challenges lie ahead? Featuring a panel that includes members of the CAF Expert Panel, this virtual event will explore the report’s development, implementation progress, and lessons for advancing future MDB reform efforts.