Summers: World Watching Multilateral Banks' Climate Response, India's Growth Potential
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Lawrence Summers says world watching MDBs, last chance for them to make changes
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Summers spoke in New Delhi, said some competition among MDBs is desirable
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World not patient, may not tolerate MDB failure to address climate change
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India has potential to grow at 8% per year until 2050, per Summers
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Summers advises improving efficiency within MDBs before rationalizing across institutions
![](https://images.moneycontrol.com/static-mcnews/2020/04/Larry-Summers-770x433.jpg)