At a time when countries around the world are confronting economic uncertainty, climate shocks and rising debt burdens, the Caribbean Development Bank (CDB/the Bank) will convene the heads of three major multilateral development banks (MDBs) for a frank and forward-looking discussion on the future of development finance.
The high-level dialogue will take place during the Bank’s 56th Annual Meeting of the Board of Governors in Nassau, from June 1–5, 2026 under the theme “Financing the Future: MDB Strategies for Uncertain Times” and will see leaders exploring how development finance institutions can adapt, innovate, and work together more effectively to respond to rapidly evolving global challenges and development priorities.
“Development finance is at an inflection point,” said CDB President, Mr. Daniel M. Best. “This moment calls for honesty about what is working, creativity about what comes next, and genuine collaboration among institutions committed to supporting the countries that need us most.”
The conversation comes at a pivotal moment, and the perspectives brought to the table will reflect the experience of some of the world’s most influential multilateral finance institutions. CDB President Daniel Best will be joined by Executive President of the Central American Bank for Economic Integration (CABEI), Gisela Sánchez and President of the OPEC Fund for International Development, Dr. Abdulhamid Alkhalifa.
Guiding the conversation will be Executive Director of the Fund for responding to Loss and Damage (FRLD), Ibrahima Cheikh Diong whose leadership and expertise in climate resilience, international finance, and sustainable development brings further depth to the dialogue.
Together, the panel reflects perspectives spanning Latin America, the Caribbean, Africa, Asia, and beyond – setting the stage for a truly global conversation grounded in the realities facing developing countries and vulnerable communities.
The dialogue will move beyond diagnosis to focus on solutions: the financial innovations gaining traction, how MDBs can work more cohesively to expand their impact, and the reforms needed to strengthen the international development finance architecture for vulnerable and small states.
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