ABSTRACT
In recent years, reforming the Multilateral Development Banks (MDBs) has engaged the attention of a variety of blue ribboned commissions and groups. The most recent of these proposals was made by the G-7 at its summit in 2001. Considering the source, they are also the most noteworthy. While most of these reports and recommendations have focused on the key MDB – the World Bank – others have focused on the MDB system and, more broadly and ambitiously, the workings of the International Financial Institutions (IFIs). The principal recommendations of these different reports (including the G-7’s recommendations) are summarized in an Appendix.2 This chapter focuses on the World Bank and, where necessary, on other MDBs and the IMF.
