ADB trims India's FY22 growth forecast to 10% on second wave impact

Analyze the role of Multilateral Development Banks in promoting economic growth in developing and least developed nations. (250 Words)

Approach:

• Introduce by giving a brief overview about Multilateral development banks, giving examples of various MDBs India engages with.
• Enumerate the role Multilateral Banks can play in driving economic growth
• Enumerate the problems associated with many development initiatives of MDBs
• Way Forward and Conclusion