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Accelerating MDB Reform to Address Today's Global Challenges | Center For Global Development

The world has changed since the creation of the International Monetary Fund and the World Bank—the world’s first international financial institutions—over 75 years ago. The shared challenges facing humanity have only grown more pressing and existential. From pandemics to climate change to financial distress and the looming public debt breakdown, the world is entering an era of polycrises, characterized by a multiplicity of shocks, to which countries of the Global South are most exposed.
Rabat Saléemmour Zaëmo France General Global Development Bretton Woods Committee Sustainable Development Goals International Monetary Fund
Source: cgdev.org

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The Spring Meetings Should Launch a Climate-Dedicated IBRD Capital Increase

The World Bank shouldn’t become a dedicated climate bank: that’s not what its client countries want, and the global development agenda (the D in IBRD and IDA) is still urgent. But, with additional finance, the Bank could play an important part in the global response to the climate challenge. That should be the focus of this year’s Spring Meetings discussions.
Scott Morris World Bank Spring Meetings World Bank Global Development World Bank Spring Spring Meetings
Source: cgdev.org

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