India, April 20 -- WASHINGTON -A coalition of ten MDBs today launched a new co-financing platform that will enable them to channel additional capital for development scale and impact.

The Global Collaborative Co-Financing Platform will consist of:

The digital Co-Financing Portal which will create a secure platform for registered co-financiers to share project pipelines. This tool, hosted at the World Bank, will increase efficiency and transparency and make it easier for MDBs to share information and identify opportunities for co-financing.

The Co-Financing Forum which will provide a space for participants to discuss co-financing opportunities, best practices, and common issues, and will support ongoing efforts to coordinate policies to...