Next Steps in the Evolution of Development Finance


At the 2022 World Bank/IMF Annual Meetings, shareholders called on World Bank Group management to produce a roadmap to guide the institution in meeting the most pressing challenges of the twenty-first century. In a decade marked by crises beyond the scope of individual nations to tackle, the push for global solutions is timely. Evolving development finance is necessary to successfully meet development needs.

Please join CSIS for a keynote address by U.S. Secretary of the Treasury Janet L. Yellen on evolving the multilateral development banks to address growing global challenges, followed by a panel discussion with experts.

This event builds on a recent briefing coauthored by CSIS and E3G, A Roadmap for World Bank Evolution, that suggests actions for the World Bank’s evolution roadmap in the areas of vision, incentives, operations, and financial capacity. It also proposes timeframes and pathways for enacting reforms in 2023 that will be critical to the evolution of the World Bank and the broader multilateral development finance architecture.

Welcoming Remarks:

Matthew P. Goodman, Senior Vice President for Economics, CSIS

Keynote Address:

Janet L. Yellen, Secretary of the Treasury of the United States

Panel Discussion:

Stephanie Segal, Senior Fellow, CSIS Economics Program (moderator)

Claire Healy, Director, E3G

Alexia Latortue, Assistant Secretary for International Trade and Development, U.S. Department of the Treasury

Nancy Lee, Director, Sustainable Development Finance and Senior Policy Fellow, Center for Global Development (CGD), and Senior Adviser, CSIS Economics Program

This event is made possible through the generous support of the Rockefeller Foundation.

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