Elcano and ETTG have published the report on the rise of public development banks in the European financial architecture for development which shows how PDBs are critical in promoting resilience to shocks (financial, economic, pandemic, climate, etc.), stabilise the economy and foster a more rapid long-lasting recovery. The report also stressesĀ the importance of medium- and long-term finance for development thatĀ can help building markets and promoting economic transformation in aĀ sustainable, green, inclusive and gender-sensitive manner.Ā Ā