Policy and Regulation

IMF/WB annual meetings: climate challenges require radical reform of MDBs

The role of multilateral development banks comes under scrutiny at the 2023 IMF and World Bank annual meetings, Marrakech, with calls for MDBs’ mandate to be strengthened, while undergoing some structural change (Photo: Fidel Senna/AFP via Getty Images)

Calls grow for multilateral institutions to embrace culture change, take a more client-responsive approach, and become less risk averse

As the World Bank and the International Monetary Fund hold their annual meetings in Marrakech this week, the role of multilateral development banks is coming under increasing scrutiny.

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