Reforming the Multilateral Development Banks for Global Structural Challenges in a Post-Pandemic World
A set of wicked problems, from dismal health and educational outcomes, economic and gender inequality, the digital divide and poverty, alongside the growing impacts of the climate crisis have coalesced into collective challenges that no one nation can solve or face alone. At a time of weakened multilateral cooperation and geopolitical competition, strategic efforts to define new resources and collaborative frameworks to address these global challenges has become critically important for multilateral development banks (MDBs) and sources of private capital.
New leadership at the Inter-American Development Bank and the World Bank has brought renewed attention to the role of MDBs in addressing global structural problems in a post-pandemic world. Last year, for example, Treasury Secretary Janet Yellen brought together leaders from MDBs and the G7 to consider new and innovative financing mechanisms to mobilize capital for emerging market infrastructure. A new report by Francisco Sagasti, former president of Peru and the Latin America Program’s Abraham F. Lowenthal Public Policy Fellow, argues that the world must not wait to “renew and empower the MDBs for the monumental tasks at hand.”
Please join the Wilson Center’s Latin America Program, Asia Program, and Wahba Institute for Strategic Competition on Wednesday, July 19, 2023, from 3 p.m. to 4 p.m. (ET) for a discussion on global structural challenges and the role of multilateral finance and investment.
Introduction
Moderator
Panelists
Former President of Peru
Hosted By
Latin America Program
The Wilson Center’s prestigious Latin America Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan policy forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action. Read more
Indo-Pacific Program
The Indo-Pacific Program promotes policy debate and intellectual discussions on US interests in the Asia-Pacific as well as political, economic, security, and social issues relating to the world’s most populous and economically dynamic region. Read more
Wahba Institute for Strategic Competition
The Wahba Institute for Strategic Competition works to shape conversations and inspire meaningful action to strengthen technology, trade, infrastructure, and energy as part of American economic and global leadership that benefits the nation and the world. Read more