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Reinventing Multilateral Development Banks
May 4, 2023Countries all over the world are turning to the multilateral development banks (MDBs) as they contend with ever more urgent, even existential, challenges. Progress in reducing poverty has stalled and in some countries reversed. Globally, more than 800 million people are now food insecure. The growing costs of climate change are all around us. Putting off development and climate-related investments will increase, not reduce, risks. The MDBs are uniquely positioned to play a central role in helping countries meet these challenges. No other single set of institutions has their breadth [...]