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In a new report, “Renewing the Multilateral Development Banks,” by Francisco Sagasti, a former president of Peru and a Lowenthal Fellow at the Wilson Center’s Latin America Program, traces the evolution of the multilateral development banks since the establishment of the World Bank after World War II. It argues that the World Bank, and the other multilateral development banks that replicated its model, must reconsider their structures and strategies and better coordinate to address the significant development financing requirements of the 21st century, including to address climate change and post-conflict reconstruction challenges and provide global and international public goods.

About the Author

Image - President Francisco Rafael Sagasti Hochhausler

Francisco Sagasti

Former Wilson Center Abraham F. Lowenthal Fellow;
Former President of the Republic of Peru
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Latin America Program

The Wilson Center’s prestigious Latin America Program provides non-partisan expertise to a broad community of decision makers in the United States and Latin America on critical policy issues facing the Hemisphere. The Program provides insightful and actionable research for policymakers, private sector leaders, journalists, and public intellectuals in the United States and Latin America. To bridge the gap between scholarship and policy action, it fosters new inquiry, sponsors high-level public and private meetings among multiple stakeholders, and explores policy options to improve outcomes for citizens throughout the Americas. Drawing on the Wilson Center’s strength as the nation’s key non-partisan policy forum, the Program serves as a trusted source of analysis and a vital point of contact between the worlds of scholarship and action.  Read more