Description

With increasing frequency of crises in the world, the role that Multilateral Development Banks (MDBs) and national development banks play to support governments has increased in importance. Apart from counter-cyclical support, development banks also play a catalytic role to help their member countries achieve global public goals such as the 2030 Sustainable Development Goals (SDGs) and Climate Financing. The talk will provide insights for participants on the niche world of development banking – the why, the how and the what! The talk will explain how development banking differs from commercial banking, why they were needed in the first place and how they operate.

Speaker Biography

Sidharth Kamani is an FRM, SCR certified financial risk specialist. He currently works at New Development Bank, a multilateral institution founded by the Governments of the BRICS countries. At NDB, his responsibilities have included risk-related advisory for senior management, credit appraisals and risk analytics. Prior to his current role, he worked with Goldman Sachs, where he gained hands-on experience working on various risk regulations. Sidharth’s interests lie in the areas of infrastructure financing, climate risk and international finance.