ODI Logo ODI

Trending

Our Programmes

Search

Newsletter

Sign up to our newsletter.

Follow ODI

Maximising the developmental value of MDB callable capital: Project findings and policy options

Date
Time (GMT -05) 11:00 12:30
Image credit:World Bank Group headquarters building in Washington, D.C. Image license:Shutterstock/christianthiel.net
This event has finished, watch or listen to the playback below.

ODI at the WBG/IMF Spring Meetings

ODI is convening a series of events in Washington DC during the week of the 2024 World Bank/IMF Spring Meetings.

For more information, including details on how to register, please visit our dedicated Spring Meetings webpage.

Description

The world’s major multilateral development banks (MDBs) collectively hold US$891 billion in callable capital – a unique type of guarantee provided by shareholder governments. The G20-mandated Independent Review of MDBs’ Capital Adequacy Frameworks recommended in July 2022 that MDBs ‘incorporate a prudent share of callable capital into their own calculation of capital adequacy’, but a number of practical and conceptual issues must be addressed before this can be achieved.

This event will address how MDBs can best make use of callable capital to underpin greater development lending. Speakers will present and discuss evidence to help guide how callable capital can be better integrated into the capital adequacy frameworks of MDBs; reduce uncertainty on the circumstances and likelihood of a capital call; and contextualise how callable capital fits into the broader framework of capacities, policies and processes at MDBs.

ODI is leading a project on MDB callable capital in collaboration with the MDB Challenge Fund. The aim of the workshop will be to highlight the project’s research findings, engage relevant stakeholders and influence policy discussions on callable capital. Further information can be found on the project site where all findings will be published in advance of the workshop.

The key topics to be discussed during the workshop include:

- The legal and financial parameters of callable capital

- Modelling the circumstances that could lead an MDB to make a capital call, as well as timings and probabilities

- The shareholder fiscal context of MDB callable capital

- How callable capital fits into the broader toolkit to help MDBs face financial stress

- Options to incorporate the value of callable capital into MDB capital adequacy frameworks

The workshop will start with a brief presentation by project team members, followed by comments from the four panellists and an extended Q&A session with the audience.

Attendees are warmly invited to an ODI-sponsored lunch that will follow the workshop.

Please note: this workshop will be hybrid (in-person and online via livestream). Address: DACOR Bacon House, 1801 F St., NW, Washington, DC 20006.

Speakers

  • Chris Humphrey

    Chris Humphrey

    Senior Research Associate, ODI (chair/moderator and project team lead)

  • Bianca Getzel

    Bianca Getzel

    Researcher, ODI (project team member)

  • Eamonn White

    Eamonn White

    Consultant, ODI (project team member)

  • Chris McHugh

    Chris McHugh

    Consultant, ODI (project team member)

  • Margaret Kuhlow

    Margaret Kuhlow

    Deputy Assistant Secretary for International Development Finance and Policy at the U.S. Treasury

  • Hassatou Diop N’Sele

    Hassatou Diop N’Sele

    Vice-President for Finance & CFO African Development Bank Group

  • Ivan Oliveira

    Ivan Oliveira

    Deputy Secretary for Sustainable Finance, Brazil Ministry of Finance

  • Daniela Re Fraschini

    Daniela Re Fraschini

    Vice President – Senior Analyst, Moody’s Ratings