Regional development banks call for more coordination
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Washington
THE heads of four leading regional development banks, including the Manila-based Asian Development Bank (ADB), issued a statement on Monday pledging closer cooperation and the need for multilateral institutions to take a more "systemic" approach.
Their joint statement was in response to a report from the Centre for Global Development (CGD) in Washington, also issued on Monday, that identifies five recommendations to shareholders of existing and new multilateral development banks
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