![]() It focuses on the need for stepped-up financing of investments in developing countries, but should be viewed in the broader context of managing globalization, especially with regard to trade and financial stability. The Summit on the Global Agenda is the worlds largest global brainstorming event, bringing together the most relevant thought leaders of the World Economic. This paper suggests ways to improve policy and operational coherence among MDBs and outlines how better shareholder governance could bring this about. Independent evaluations suggest that each MDB is individually performing well, but the system as a whole is not delivering enough. With better system-wide coordination, MDBs can scale up their impact to deliver for increasingly differentiated clients, but this requires shareholder consensus on, and financial support for, expanded efforts. This financial capacity can in turn further crowd-in other sources of finance, especially from the private sector. The unique financial structure of the MDBs allows them to leverage contributions from MDB shareholders and multiply them into financing at low cost. Clarifying their mandates and addressing the constraints are essential to enable them to scale up and make more effective their support for the new global agenda. They are trying to respond, but human and financial constraints and unclear and expanded mandates from shareholders are holding them back. With their highly effective capacity to help countries strengthen policy and institutional foundations and to leverage finance, multilateral development banks (MDBs) have a central role to play. It also requires stepped up international cooperation to drive transformative change and mobilize financing on an unprecedented scale. The agenda requires government intervention to reach adequate scale, to take social and environmental sustainability seriously, and to manage spillovers across sectors and borders. Today’s hyper-connected world requires a mix of activities spanning private goods, national public goods, and regional/global public goods to meet the challenges of sustainable development. Set in the future of a fictional universe, where Britain. At the same time, major opportunities exist to tap the potential of new technologies and the growing capacity of the private sector. Global Agenda is a Third-Person Shooter slash MMORPG by the Georgia, USA-based Hi-Rez studios. In many countries, investment and productivity growth have decelerated, there is growing inequality and persistent unemployment, fragility and tensions are rising, and the incidence and vulnerability to shocks has grown. The backdrop for achieving these ambitions is challenging. The capital investments and technological choices made in the coming two decades will lock-in carbonization, urbanization, and demographic trends that will determine the future of humanity and our planet for the rest of the century and beyond.
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