{"id":27008,"date":"2017-02-10T14:15:11","date_gmt":"2017-02-10T19:15:11","guid":{"rendered":"https:\/\/www.bu.edu\/pardeeschool\/?p=27008"},"modified":"2021-02-03T16:51:58","modified_gmt":"2021-02-03T21:51:58","slug":"gegi-morris-on-mdbs-for-the-centurys-development-challenges","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/pardeeschool\/2017\/02\/10\/gegi-morris-on-mdbs-for-the-centurys-development-challenges\/","title":{"rendered":"GEGI: Morris on MDB&#8217;s for the Century&#8217;s Development Challenges"},"content":{"rendered":"<p><a href=\"\/pardeeschool\/files\/2017\/02\/GEGI1-1.jpg\"><img loading=\"lazy\" src=\"\/pardeeschool\/files\/2017\/02\/GEGI1-1-516x300.jpg\" alt=\"GEGI1\" width=\"516\" height=\"300\" class=\"alignnone size-medium wp-image-27011\" srcset=\"https:\/\/www.bu.edu\/pardeeschool\/files\/2017\/02\/GEGI1-1-516x300.jpg 516w, https:\/\/www.bu.edu\/pardeeschool\/files\/2017\/02\/GEGI1-1-768x447.jpg 768w, https:\/\/www.bu.edu\/pardeeschool\/files\/2017\/02\/GEGI1-1-1024x596.jpg 1024w\" sizes=\"(max-width: 516px) 100vw, 516px\" \/><\/a><\/p>\n<p><span>The <\/span><a href=\"https:\/\/www.bu.edu\/pardeeschool\/unplaced-pages-holder\/gegi\">Global Economic Governance Initiative<\/a>\u00a0(GEGI)<span>, a research initiative at the Frederick S. Pardee School of Global Studies at Boston University, hosted\u00a0Scott Morris, Director of the U.S. Development Policy Initiative at the\u00a0<a href=\"http:\/\/www.cgdev.org\/\">Center for Global Development<\/a>, at the <a href=\"https:\/\/www.bu.edu\/pardeeschool\">Frederick S. Pardee School of Global Studies<\/a>\u00a0for a discussion on how multilateral development banks can address this century&#8217;s development challenges.\u00a0<\/span><\/p>\n<p>Morris discussed the outcomes of a high level panel on future of multilateral development banking that the Center for Global Development held which convened a geographically diverse group from the private sector and academia\u00a0that broadly reflected the diversity of the MDBs\u2019 shareholder countries.<\/p>\n<p>&#8220;<span>&#8220;We recruited a global panel and we tried to be fairly balanced geographically in terms of backgrounds of the individuals, but they were there representing themselves and their own views,&#8221; Morris said. &#8220;It is a challenge to bring a group of actors like this together and try to get them to come to some agreement on what they want to say, what areas they want to explore and what a consensus view looks like on these issues.&#8221;<\/span><\/p>\n<p>According to Morris, the panel&#8217;s work\u00a0culminated in a report to the shareholders of the MDB system with five key recommendations including a mandate for the World Bank aimed at promoting development-relevant global public goods, more focus on climate-friendly infrastructure, a suggestion to maintain concessional finance and a better balance between the World Bank and African Development Bank, contingency set-asides for crises and a suggestion for shareholders to review finance and mandates every five years.<\/p>\n<p>Speaking about\u00a0the recommendation on climate-friendly infrastructure specifically, Morris said the panel suggested shareholders should support a scaling up in support for sustainable infrastructure from $50 billion to $200 billion a year including stronger efforts to engage the private sector.<\/p>\n<p><a href=\"https:\/\/www.bu.edu\/pardeeschool\/2016\/02\/12\/gegi-discusses-us-reaction-to-new-development-banks\/\">GEGI previously hosted Morris in February 2016<\/a>\u00a0<span>\u00a0for a discussion on the relationship between the Asian Infrastructure Investment Bank (AIIB) and the United States.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scott Morris, of the Center for Global Development, discussed how multilateral development banks can address this century&#8217;s development challenges. <\/p>\n","protected":false},"author":11588,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8411],"tags":[9860,9396,8440,8671,9298,9250],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/27008"}],"collection":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/users\/11588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/comments?post=27008"}],"version-history":[{"count":6,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/27008\/revisions"}],"predecessor-version":[{"id":47730,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/posts\/27008\/revisions\/47730"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/media?parent=27008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/categories?post=27008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/pardeeschool\/wp-json\/wp\/v2\/tags?post=27008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}