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The phrase "multilateral institutions" is grammatically correct and commonly used in written English.
You can use it to refer to organizations or agreements between multiple countries or parties. Example: "The United Nations and the World Trade Organization are two examples of multilateral institutions that promote international cooperation and economic growth."
Exact(59)
Some viewed them as a threat to the existing institutional architecture, as money and responsibility shift away from multilateral institutions.
Multilateral institutions are at risk.
And, again, bonds issued by multilateral institutions have an edge.
Multilateral institutions are often bureaucratic, ponderous and inefficient.
Indeed, he seems allergic to creating new multilateral institutions.
Many multilateral institutions don't feel comfortable using it.
Obama is an unabashed fan of multilateral institutions.
So it is not surprising that many Latin Americans revile the two multilateral institutions.
The government has suggested that from next month it will stop paying the multilateral institutions.
Even more shocking, so are multilateral institutions (try putting that into a protest song).
America can at least choose whether to act alone or to hide behind multilateral institutions.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com