A Bank for the World: A Call to Arms on the Sidelines of the World Bank’s Annual Meetings

from Amanda Glassman at https://bit.ly/3pqPmWv on October 22, 2021 at 09:43PM

Five of the speakers at the Bank for the World event

A Bank for the World: A Call to Arms on the Sidelines of the World Bank’s Annual Meetings

October 22, 2021

Global challenges like pandemics, climate change, biodiversity depletion, and conflict require global collective action. Yet the World Bank, built around country financing as the key product, has had neither the mandate nor the adequate modalities needed to systematically respond to issues that transcend borders. While the issues are not new, they are newly urgent: 242 million global COVID-19 cases have led to nearly 5 million deaths so far, and we are facing likely irreversible damage from climate change and biodiversity loss in the next decades