Recommendations for US treasury and MDBs in developing evolution roadmaps: From fragility to resilience

The U.S. Department of the Treasury has called on the World Bank to evolve in response to a confluence of global crises that are upending development progress and threatening people and planet. Treasury will soon extend this evolution mandate to other multilateral development banks (MDBs) as part of a campaign that, if successful, would not only reshape global development finance but the development paradigm itself.

Treasury Secretary Janet Yellen noted last month that alongside the Bank’s twin goals to end extreme poverty and boost shared prosperity, a focus on resilience to global challenges like climate change, pandemics, fragility, and conflict will be critical to meet the moment.

 
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