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The Multilateral development banks were set up after the Second World War to be the original impact investors, fighting poverty, inequality or more currently climate change. 

 “To demonstrate our impact is crucial at a time where multilateralism is often challenged, when there is a tendency to think that, we are more effective when we work at a country level than at the global level. And I think that the ability to show that and acting in this mutual framework is helpful to deliver some impacts on values because we are building on a very good experience,” said EBRD President Odile Renaud-Basso during the opening of the digital discussion.

Now more than ever, the MDBs have a very important role to play. The Covid-19 recovery will not be easy. The climate emergency is here. Furthermore, the national governments are dealing with growing mountains of debt. 

How can we ensure that multilateral lending is effective to help the world emerge from this crisis? What is “iwashing” and the difficulty of attribution were all discussed by: 

Dean Karlan is the Frederic Esser Nemmers Distinguished Professor of Economics and Finance at Northwestern University and President and Founder of Innovations for Poverty Action

Pavan Sukhdev is an environmental economist, banker, former Special Adviser and Head of UNEP's Green Economy Initiative, currently CEO of GIST Advisory, and President of WWF International;

Beata Javorcik- EBRD’s Chief Economist and Professor of Economics at Oxford University.

The discussion was chaired by EBRD Communications Managing Director Jonathan Charles.
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How to measure impact of multilateral lending

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How to measure impact of multilateral lending

European Bank for Reconstruction and Development