Reforming Multilateral Development Banks, advocating for the Global South

Multilateralism, as the most transparent and preferred mode of international cooperation, has been undergoing constant evolution in scope, dimension, and outcomes. Depending on the context, the term evokes mixed responses. The current debate on the reforms of multilateral development banks (MDBs) is a subset of the wider debate on the value, content and scope of multilateralism. In recent years, the restructuring of MDBs has received increasing attention. In his address to the US Congress, Prime Minister Narendra Modi talked about the relevance of MDBs and the need to reform them.... Read More