The Addis Ababa Action Agenda notes the role that well-functioning national and regional development banks can play in financing sustainable development, with a countercyclical role, especially during crises.
The Addis Agenda specifically:
- Calls on national and regional development banks to expand their contributions in relevant areas important for sustainable development, and urge relevant international public and private actors to support such banks in developing countries
Practitioners at national development banks point out that using well-managed development banks as a tool for public investment allows for a more transparent accounting of both the assets and liabilities of the state.
Read more on national development banks discussed under systemic issues here.