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CGD's president, Nancy Birdsall, will participate on a panel as part of the Williams College Center for Development Economics's two-day conference, "The Future of the World Bank and the IMF: Redesign For a New (and Old) World"
What Kind of World Bank in the 21st Century?
Thursday, September 27, 2012
4:00pm - 5:30pm
Featuring Nancy Birdsall
President, The Center for Global Development
Visiting Professor, Williams College
Dean and Director, Institute of Business Administration in Karachi
Formerly, Governor, State Bank of Pakistan
Professor of Political Economy and Development, London School of Economics
Chair Marco Gerard Caprio
William Brough Professor of Economics, Williams College
The panelists will attempt to answer the following questions:
Should the Bank be encouraging and subsidizing global public goods – on climate change, drug resistance, or less risky financial systems that blow up and damage others, for example -- and therefore focusing less on individual countries?
Rather than lending, should the Bank become more of a knowledge bank: creating knowledge public goods, subsidizing research on and in developing countries?
What role for the Bank in encouraging better governance in developing countries, given the evidence (Why Nations Fail) that governance is critical? And what about improving its own governance?
What role for the Bank in the shrinking number of low-income countries?
The conference overall will explore the themes that are critical to the future effectiveness of the World Bank and the International Monetary Fund (IMF), notably financial crises and regulation, poverty, and climate change, as well as the changing governance of the institutions themselves.
Climate change is one of the greatest existential challenge of our times. In the 2015 Paris Agreement, 190 parties submitted climate strategies to keep the global temperature increase to 1.5-2 C. and ensure a transition to low emissions economies. A new IMF paper provides country-level guidance on the role, design and economic impact of fiscal policies for implementing these strategies, using a unique and transparent tool laying out the trade-offs among policy options. The IMF will also be releasing updated estimates of energy subsidies at the global and national level.
Christine Lagarde, the IMF’s Managing Director will be joined by Ngozi Okonjo-Iweala, former Minister of Finance of Nigeria and Andrew Steer, President and CEO of WRI, in a session moderated by CGD President, Masood Ahmed to discuss fiscal policy options to achieve the Paris commitments: How much carbon pricing do countries need to meet their commitments? Should an international carbon price floor be established? Or are other solutions like tax subsidies more politically palatable? Where should the revenues be spent? Are physical climate proofing investments enough for adaptation?
Join us for a reception in advance of the 72nd World Health Assembly in Geneva, Switzerland.
This reception is an opportunity to learn about a proposed innovative approach to health financing while networking with other global health leaders. Per the high-level political declaration on the fight against tuberculosis, we are committed to mobilizing sufficient and sustainable financing for universal access to quality prevention, diagnosis, treatment and care of tuberculosis.
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.