The social development bank for Europe

Governor Monticelli at the Devex Impact House in Washington DC

Governor Carlo Monticelli was at the Devex Impact House during the IMF and World Bank Annual Meetings to discuss with Devex President and Editor-in-Chief Raj Kumar how multilateral development banks are working more closely to deliver stronger impact for their clients and communities.

15 October 2025

Governor Carlo Monticelli and Raj Kumar at the Devex Impact House during the 2025 Annual Meetings, Wednesday 15th October 2025, Washington DC
Governor Carlo Monticelli and Raj Kumar at the Devex Impact House during the 2025 Annual Meetings, Wednesday 15th October 2025, Washington DC

Speaking as Chair of the Heads of MDBs Group in 2025, the Governor highlighted how – by acting as a system – MDBs can do operations that are faster and better and bring more impact. Bringing the CEB’s social perspective high up on the MDB-wide agenda, he recalled that the CEB has shed light on the importance of increasing social infrastructure investment in health, education, and housing as fundamental for jobs and inclusive societies.

Watch the full conversation: Working as a System: Insights From Chairing the Heads of MDBs Group #WBGMeetings #DevexImpactHouse

Read the Governor’s op-ed on our website: Opinion: MDBs must keep acting as a system to meet today’s challenges