CESR Calls on the World Bank Group to Shift its Cascade Approach to a Human Rights and Climate Model

Publication Date: August 2, 2023

Geographies: global

CESR submitted its commentaries to the World Bank Group (WBG) Evolution Roadmap consultation. The process to shape a new mission for the Bretton Woods institutions started in response to a 2022 G20’s independent assessment of the Multilateral Development Banks (MDBs) on capital adequacy frameworks’ fitness to mobilize resources according to the climate and development challenges. Several members of the G7, including the US, Australia, Germany and France, endorsed a call to revamp the WBG missions and align its goals, operations and policy measures to tackle climate change impacts, poverty eradication drawbacks, and the erosion of resilience and sustainable capabilities to face shocks.

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