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International organisations

Multilateral Banks

How we are helping

Australia works with the Multilateral Banks to help respond to the needs of our region and deliver transformative development projects across the Indo-Pacific.

Throughout all our engagement, we champion the voices of the Pacific.

Together we address global challenges including climate change and pandemics, as well as advancing gender equality and inclusion.

We support work that helps reduce poverty, improve quality of life, and protect our environment. We do this by bringing together the right partners, providing funding where it is most needed, and ensuring access to high quality technical advice.

Combined, this increases the development impact of our projects, such as construction of climate resilient hospitals and education facilities as well as supporting the health and education systems to run those facilities.

Maximising our collective impact

When we work together with our multilateral bank partners and our Indo-Pacific family, we are better able to secure outcomes and advance our region's shared interests, in line with Australia's International Development Policy.

Multilateral Banks have significant convening power and presence in many partner countries where Australia's development program works.

They are recognised as global leaders in performance-based development and results measurement, and are often well-placed to lead donor coordination efforts.

As multilateral organisations, they often have the advantage of being perceived as a relatively neutral player. Australia's partnerships with Multilateral Banks allow us and our region to access their significant expertise, leveraging their analytical, financial and human resources.

How we collaborate

Australia provides core funding support to the World Bank Group and the Asian Development Bank through replenishments to their highly concessional lending arms that assist low-income countries. Core funding includes financial contributions given to the Banks in support of their development and poverty mandate. Australia also often partners with Multilateral Banks through the provision of non-core funding for targeted assistance consistent with the Australian aid policy framework. Non-core funding refers to financial support for projects administered by a Multilateral Bank in a region, country, or sector. Co-financed programs are managed by the relevant country, regional or thematic area.

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