Steven Hess, Moody’s Investors Service, introduces his report "Where Do Multilateral Development Banks Spend Their Money?" in panel II of the conference "Multilateral Development Banks and Asian Investment: Room for More?" on September 30, 2015. The conference was organized by the Peterson Institute for International Economics, Moody's Investors Service, and the Centre for International Governance Innovation (CIGI), and took place at the Institute. Other participants for panel II included Adam Posen, PIIE, and Hongying Wang, CIGI. For more information, visit: www.piie.com/events/event_detail.cfm?EventID=407