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ADB and World Bank sign groundbreaking framework

Summary by FijiTimes
The Asian Development Bank (ADB) and the World Bank have signed a new groundbreaking Full Mutual Reliance Framework (FMFR) in a move to deepen collaboration on cofinanced public sector projects. The FMRF – said to be the first of its kind among multilateral development banks (MDBs) – aims to streamline project processing and implementation and deliver faster and more efficient results to borrowing clients. The partnership between the World Bank …
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ADB and World Bank sign groundbreaking framework

The Asian Development Bank (ADB) and the World Bank have signed a new groundbreaking Full Mutual Reliance Framework (FMFR) in a move to deepen collaboration on cofinanced public sector projects. The FMRF – said to be the first of its kind among multilateral development banks (MDBs) – aims to streamline project processing and implementation and deliver faster and more efficient results to borrowing clients. The partnership between the World Bank …

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Daily SunDaily Sun

ADB, World Bank partner on FMRF to increase development impact

The Asian Development Bank (ADB) and the World Bank (WB) signed a new groundbreaking Full Mutual Reliance Framework (FMRF) on Thursday to deepen their collaboration on co-financed public sector projects.

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Daily Sun broke the news in on Friday, February 21, 2025.
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