What is Missing from the World Bank’s Evolution Roadmap? Six Priorities for Management and Shareholders

Improving global governance
Jan 26, 2023 | ODI Insights paper

In December 2022, the World Bank published a Roadmap intended to allow its shareholders to take decisions on the Bank’s future by the Annual Meetings in Autumn 2023. There was broad consensus in two areas: first, that the international community faces an enormous challenge to meet global development and climate goals, necessitating a significant increase in investment and innovation; and second, that the finance currently on offer is nowhere near sufficient. In this ODI Insights paper, Inandeep Bains, Hans Peter Lankes, and Annalisa Prizzon suggest that multilateral development banks (MDBs) - with the World Bank Group at the centre - could contribute much more to the solution. To do so, they must all adapt their missions, set ambitious targets, exploit synergies, use capital more efficiently, embrace private capital mobilisation and streamline processes. In their paper, the authors outline six ways in which the Roadmap could be enhanced.

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