ABSTRACT
Strengthening the international financial and tax systems has been at the centre of recent global debates. The United Nations has proposed various associated policies and offered a forum for discussions towards global agreements in these areas. Several proposals were also endorsed by the UN High-Level Political Forum on Sustainable Development held in September 2023. In addition, the Group of 20 (G20) convened an independent expert group that provided recommendations on enhancing the role of multilateral development banks (MDBs), and its Leaders’ Summit endorsed an agreement to strengthen development financing. This was complemented by the proposed Evolution Roadmap of the World Bank Group. Recurring institutional recommendations include equitable participation of developing countries in international financial institutions, an issue that has been underscored in various UN Conferences on Financing for Development from 2002 to 2015.
