As bilateral aid from donor countries such as the United States and the United Kingdom dries up, eyes are turning to multilateral development banks for help. And a pivotal moment to see how — and if — MDBs step up is just a few weeks away: the 4th International Finance for Development summit in Seville, Spain.
Ahead of what’s been dubbed FfD4, Devex is hosting a Road to Sevilla series of Pro Briefings to break down the ideas that will be floated on how to reform the global financial system architecture in an era of constricted aid budgets.
So what can MDBs such as the World Bank bring to the table? Leverage and impact, according to Homi Kharas, a senior fellow at the Brookings Institution who spoke at the Road to Sevilla series kickoff discussion titled: Banking on MDBs when aid disappears.