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2018 International Council Meeting - Modernizing Multilateralism

2018 International Council - Modernizing Multilateralism: Leadership for the Next Generation

From the Bretton Woods Committee: "On October 10, 2018, the Bretton Woods Committee held its annual International Council meeting in Bali, Indonesia alongside the International Monetary Fund and World Bank Group Annual Meetings. An esteemed group of global leaders joined approximately 75 Committee members and friends in a roundtable discussion. This year’s conversation – Modernizing Multilateralism - Leadership for the Next Generation – examined the current and future forces shaping the global economy and discussed ways the multilateral system and institutions can be modernized to meet the demands of the next generation."

Multilateral Development Banking for This Century's Development Challenges

A new report by CGD’s High Level Panel on the Future of Multilateral Development Banking offers a frank assessment of current MDB policies and practices, situating them in the context of new development challenges. For over five decades the multilateral development banks have combined financial heft and technical knowledge to support investments in post-conflict reconstruction, growth, and poverty reduction. However, the geo-economic landscape has changed dramatically in this century. There are new banks, and also new challenges that call for global collective action and financing of the sort the MDBs are well-suited to provide but have been handicapped in doing so effectively. How should the MDBs respond?