ADB President Masatsugu Asakawa and World Bank President Ajay Banga signed a groundbreaking Full Mutual Reliance Framework (FMRF) agreement today to deepen collaboration on cofinanced sovereign ...

The World Bank has announced a major shift in its global operations, with plans to decentralize its management teams and ...

The Full Mutual Reliance Framework is a significant step in our collaboration with the World Bank, and will deliver lasting benefits to communities and economies across Asia and the Pacific,” said Mr.

The World Bank said on Tuesday it will restructure its global operations by shifting its regional management teams from Washington to hub offices around the world, a move aimed at helping the bank ...

This first-of-its-kind arrangement between multilateral development banks (MDBs) will mean that borrowers will need to follow ...

The Asian Development Bank (ADB) and the World Bank (WB) signed a new groundbreaking Full Mutual Reliance Framework (FMRF) on ...

Today, Asian Development Bank President Masatsugu Asakawa and World Bank Group President Ajay Banga signed a groundbreaking new co-financing partnership. The Full Mutual Reliance Framework (FMRF), the ...

The initiative has been driven by World Bank President Ajay Banga since he arrived at the bank in June 2023, and is not related to recent moves by the Trump administration to cancel U.S. foreign ...

The Asian Development Bank (ADB) and the World Bank (WB) signed a new groundbreaking Full Mutual Reliance Framework (FMRF) ...

The Full Mutual Reliance Framework (FMRF), signed by ADB President Masatsugu Asakawa and World Bank President Ajay Banga, is designed to streamline project preparation and implementation. This ...