Reforming the international financial system for an era of polycrisis
By Adva Saldinger, Tania Karas // 22 October 2024
<a class="spreaker-player" href="https://www.spreaker.com/episode/devex-world-bank-imf-reforming-the-international-financial-system-and-the-ida-replenishment--62440705" data-resource="episode_id=62440705" data-width="100%" data-height="200px" data-theme="dark" data-playlist="false" data-playlist-continuous="false" data-chapters-image="true" data-episode-image-position="right" data-hide-logo="true" data-hide-likes="false" data-hide-comments="false" data-hide-sharing="false" data-hide-download="false">Listen to "Devex @ World Bank-IMF: Reforming the international financial system and the IDA replenishment" on Spreaker.<script async src="https://widget.spreaker.com/widgets.js"></script></a> Listen on Spotify, Apple Podcasts, Soundcloud, and YouTube, or search “Devex” in your favorite podcast app. As the World Bank-International Monetary Fund annual meetings kick off in Washington, D.C., this week, we explore some pressing questions: Are these two Bretton Woods institutions fit for an era of crisis after crisis? And what’s at stake as the World Bank seeks to replenish the International Development Association, its fund for the world’s lowest-income countries? In this special episode of our weekly podcast, Devex Senior Reporter Adva Saldinger sits down with Mark Malloch-Brown, the former president of Open Society Foundations who is leading an effort to assess and provide recommendations for reform of the World Bank and IMF. She also speaks to the Gates Foundation’s head of global policy and advocacy, Gargee Ghosh, about the challenges ahead as IDA faces a replenishment in December. They explore how the Bretton Woods institutions must recover some of their earlier statute and adapt for the problems of today — for example, by ensuring that African countries are heard and get a say in setting the future of their own development. Meanwhile, IDA is seeking record funding at a time when aid budgets are stretched thin. How can the discussions at the annual meetings this week move the needle? Sign up to the Devex Newswire and our other newsletters.
Listen on Spotify, Apple Podcasts, Soundcloud, and YouTube, or search “Devex” in your favorite podcast app.
As the World Bank-International Monetary Fund annual meetings kick off in Washington, D.C., this week, we explore some pressing questions: Are these two Bretton Woods institutions fit for an era of crisis after crisis? And what’s at stake as the World Bank seeks to replenish the International Development Association, its fund for the world’s lowest-income countries?
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About the authors
Adva Saldinger@AdvaSal
Adva Saldinger is a Senior Reporter at Devex where she covers development finance, as well as U.S. foreign aid policy. Adva explores the role the private sector and private capital play in development and authors the weekly Devex Invested newsletter bringing the latest news on the role of business and finance in addressing global challenges. A journalist with more than 10 years of experience, she has worked at several newspapers in the U.S. and lived in both Ghana and South Africa.
Tania Karas@TaniaKaras
Tania Karas is a Senior Editor at Devex, where she edits coverage on global development and humanitarian aid in the Americas. Previously, she managed the digital team for The World, where she oversaw content production for the website, podcast, newsletter, and social media platforms. Tania also spent three years as a foreign correspondent in Greece, Turkey, and Lebanon, covering the Syrian refugee crisis and European politics. She started her career as a staff reporter for the New York Law Journal, covering immigration and access to justice.
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