World Bank Meetings

With the spiraling needs of developing countries, dramatically shrinking assistance budgets, and the accelerating impacts of climate change, reforms to the international financial architecture (IFA) are more critical — and urgent — than ever. The international financial system must deliver more with less, and better support developing countries in leveraging resources from all sources, including domestic capital markets and the private sector.

The shifting geopolitical landscape makes these changes even more complex. Leadership among the G7/G20 is evolving, and the U.S. focus in this area may be narrowing. At the same time, geopolitical pressures are limiting many governments’ willingness to take on challenging or politically costly reforms. Still, the urgency of proposals from long-time champions of IFA reform — including Barbados Prime Minister Mia Mottley, UN Deputy Secretary-General Amina Mohammed, Kenyan President William Ruto, French President Emmanuel Macron, and others — remains undiminished. High ambition and bold action over the next 12–18 months will be essential to begin meeting the needs of the developing world.

At the Spring IMF/World Bank meetings, and in the lead-up to the 4th International Conference on Financing for Development (FFD4), leaders and advocates are working to make real progress.

At a time when developing countries are juggling rising debt, investing in climate adaptation, and driving a green energy transition, the world needs a stronger, more proactive, and more responsive global financial architecture.

Meeting this challenge requires governments, institutions, philanthropies, and civil society to come together — developing technical solutions and advocating for meaningful change.

The Rockefeller Foundation is convening policymakers, activists, and other key stakeholders during the World Bank meetings to help drive that transformation forward.