Externe Publikationen

Building a shared European vision on the reforms of the international financial architecture for sustainable development

Dufief, Elise / Daniele Fatibene / Niels Keijzer / San Bilal / Frederique Dahan
Externe Publikationen (2023)

in: San Bilal (ed.), European Development Finance in Perma-crisis, Maastricht: European Centre for Development Policy Management (ECDPM)

Volltext/Full text

As world leaders are packing their bags to travel to Washington for the Spring meetings of the World Bank (WB) and the International Monetary Fund, these discussions will offer the first opportunity of the year to collectively deliver on some of the propositions to reform the WB and the international financial architecture for sustainable development to make them fit for the poly-crises of the 21st century. The May G7 Summit in Japan, the June Summit for A New Financial Pact in Paris, the September Finance in Common Summit in Colombia, the SDG Summit in New York, the G20 Summit in India, the October World Bank and International Monetary Fund (IMF) annual meetings, and the COP28 in Dubai at the end of the year, are other opportunities to move the reform agenda forward. Building a possible shared European vision on main priorities on the international development financial architecture is key for the European Union (EU) and its member states, given their political and economic weight in the international financial institutions (IFIs) and fora, and their responsibilities as key implementing actors in countries of operations.