The Committee on the Global Financial System (CGFS), which is chaired by William C Dudley , President and Chief Executive Officer of the Federal Reserve Bank of New York, monitors developments in global financial markets for central bank Governors.
A multilateral development bank ( MDB ) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development . MDBs have large memberships including both developed donor countries and developing borrower countries.