ARE NATIONAL FUNDS OUTPACING MULTILATERALS?

The discussion centers around the roles and potential collaborations between national development funds (NDFs) and multilateral development banks. The Vice Chairman of the National Development Fund of Saudi Arabia explains that NDFs are crucial for creating new sectors and addressing local needs with agility. Multilaterals offer expertise, historical context, and credibility, especially in politics and risk understanding. The conversation highlights the complementary nature of these institutions. The Vice Chairman suggests a future where co-financing and even ownership stakes exist between NDFs and multilaterals to transfer knowledge and technology. He emphasizes the importance of dialogue and engagement to address global fragmentation. The focus is on supporting SMEs and achieving sustainable growth, particularly in regions like MENA and Africa. The Vice Chairman stresses the need for countries to prepare themselves for development initiatives and create opportunities for SMEs to thrive.