On 4 February, President Donald Trump signed an executive order for a review of all intergovernmental organisations in which the US is a member and to withdraw from some United Nations organisations. This comes after the administration announced plans to shut down the US Agency for International Development, withdraw the US from the World Health Organisation and pause all US government foreign development assistance for a 90-day period in late January. The orders raise questions about the risk of a marked change in US policy towards multilateral development banks. The US is a key shareholder in a number of rated MDBs, so it would be credit-negative if it materially reduced its commitment to them. […]