This briefing focuses on reforming the multilateral financial architecture. It presents a diagnosis of the current multilateral financial architecture and notes its incompatibility to meet present economic and sustainability challenges. It also highlights the changes necessary to unlock the potential of private finance and presents a suite of mutually reinforcing reform priorities to align public and private finance with the goals of the Paris Agreement, Kunming-Montreal Global Biodiversity Framework and broader sustainability goals.
The requisite capital for tackling today’s interconnected crises is beyond the capacity of the public or private sector alone. As such, the stability and fit-for-purpose of the global financial system are highly relevant to responsible investors, not only in the case of mobilising and aligning financial flows to emerging economies and areas most in need but also in strengthening the broader global finance policy agenda.
