As part of the World Bank and International Monetary Fund Annual Meetings, FONPLATA participated in the Sixth Roundtable between Multilateral Development Banks (MDBs) and Risk Rating Agencies, held on Wednesday, October 15. This technical dialogue forum convened Chief Financial Officers and Chief Risk Officers from leading development banks alongside representatives from major international rating agencies, including S&P Global Ratings, Moody's Ratings, and Fitch Ratings.

Representing FONPLATA were Vice President of Finance Matías Mednik and Chief Risk Officer Juan Montero, who shared institutional progress and perspectives on the financial and risk management frameworks that underpin multilateral institutions.

The session focused on three key areas:

· Implementation of Capital Adequacy Framework recommendations: MDBs reported on the adoption of G20 endorsed reforms designed to enhance capital efficiency while preserving financial soundness. These measures are expected to unlock approximately USD 700 billion additional lending capacity over the next decade.

· Strengthening the Global Emerging Markets Database Consortium: Participants reviewed new data sets and governance enhancement within the Global Emerging Markets Risk Database Consortium.

· Refining Criteria for Risk Transfer Instruments: Proposals were discussed to update rating methodologies to better capture the risk mitigation benefits of those instruments.

In addition, S&P Global presented its latest update to the rating criteria for Multilateral Lending Institutions (MLIs), incorporating refinements informed by prior roundtables exchanges.

This was the second session held in 2025 and the sixth since the dialogue’s inception in 2023. FONPLATA underscores the value of these engagements as critical platforms for advancing mutual understanding and ensuring that rating methodologies accurately reflect the unique financial and risk management structures of MDBs.

10/16/2025