Page 2 - Evolution Roadmap News Today

Axel van Trotsenburg (@AxelVT_WB) is the World Bank’s Senior Managing Director (SMD), responsible for Development Policy and Partnerships.

Annual Meetings Chairman, Sergii Marchenko, Minister of Finance of Ukraine, World Bank President Ajay Banga, and Managing Director of the International Monetary Fund Kristalina Georgieva speak at the October 13th plenary session of the Annual Meetings in Marrakech, Morocco.

Good morning. Chair Marchenko, thank you for chairing this plenary. Mr. Kabbaj, Prime Minister Akhannouch, thank you for hosting these Annual Meetings. The road to Marrakesh was not an easy one, delayed by the pandemic and persevering after an earthquake. Yet the warmth and hospitality we’ve received from your government and all Moroccans has been humbling.

​Its easy to come up with neat numbers. But how do you make this happen? With so many countries in debt and fiscal distress, how are they expected to raise the additional $2 trillion a year that the expert group calls for when they will struggle even to maintain what they have, as Barbadian PM Mia Mottley and Kenyan President William Ruto emphasised?

As the confluence of war, hunger, economic turmoil, a global pandemic, and climate change pose a dire threat to global development, the World Bank is stepping up its support for countries in need.

At the urging of shareholders, the World Bank has pulled together a set of reform proposals to broaden the World Bank Group’s mission, stretch its balance sheet, and strengthen its impact. We looked at both the new Roadmap document and 2016's Forward Look document to assess whether the Evolution Roadmap represents a fundamentally new direction for the World Bank, or a continuum of the path set by the Forward Look.

Next week, finance ministers and other officials from around the world will descend on Marrakech for the World Bank and IMF annual meetings. Read on for a range of quick reactions from CGD's experts on what will happen next week, and what should happen—and how we get from one to the other.

The economic statecraft landscape is becoming more complex as transatlantic partners increasingly leverage the tools to counter threats.

George Ingram and Tony Pipa argue that to maximize impact, the U.S. should report on SDG progress, involve domestic agencies, identify policy opportunities, and reinforce multilateral development banks.

The World Bank and the finance ministry agreed to work closely to create a market structure from the Corporate...