The New Global Agenda and the Future of the Multilateral Development Bank System

Bhattacharya, Amarendra; Kharas, Homi; Plant, Mark; Prizzon, Annalisa

doi:10.17323/1996-7845-2018-02-06

Cited by 7 publications

(5 citation statements)

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“…For this, the United Nations development entities were also expected to do better in terms of leadership and coherence. Several studies expected multilateral development organizations to play a crucial role in implementing the 2030 Agenda, especially as 'leaders of the new "global partnership"' (Kharas and Biau 2015: 12) that could innovate within the development community and build bridges to the private sector (Bhattacharya et al 2018). In the vision of the 2030 Agenda, multilateral development organizations could coordinate among multiple development actors, support a more coherent approach and provide public goods such as data.…”

Section: Aspirations and Expectationsmentioning

confidence: 99%

Global Governance

Beisheim¹,

Bernstein²,

Biermann

et al. 2022

The Political Impact of the Sustainable Development Goals

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marianne beisheim and steven bernstein contributing authors frank biermann, pamela chasek, melanie van driel, felicitas fritzsche, carole-anne se ´nit and silke weinlich Many observers expected the Sustainable Development Goals to strengthen the institutional architecture of global sustainability governance within the United Nations system and beyond. This ambition was already part of the negotiations of the goals. Here, the United Nations General Assembly had created an 'open working group' of only 30 countries, driven by fears that negotiations with universal participation would not lead to an agreement. However, when over 70 countries wanted to join this group, the United Nations found an innovative way to accommodate them by sharing the 30 seats among 'duos' and 'trios' of countries. In another innovation, the open working group first went through a 'stocktaking' process to create a common understanding of the issues and to create legitimacy among governments and stakeholders (Chasek and Wagner 2016; Dodds, Donoghue and Roesch 2016; Kamau, Chasek and O'Connor 2018). However, some studies criticized these negotiations for being 'unpolitical' and brushing over conflicts (Rivera 2017; Thérien and Pouliot 2020).The academic literature has characterized the 2030 Agenda as 'governing through goals' (Kanie and Biermann 2017: ix). Typical features include a goalsetting process that aims to be broadly inclusive; the non-legally binding nature of the goals; reliance on weak institutional arrangements to promote and implement the goals; and extensive leeway for states or other actors and institutions in responding to the goals (Biermann, Kanie and Kim 2017; Vijge et al. 2020: 256). Some studies argued that goal-setting can be impactful and that the Sustainable Development Goals encapsulate 'seeds for transformation' (Stevens and Kanie 2016). Yet, global governance through goals remains a contested strategy (Kanie et al. 2017: 6; Young 2017: 38). Legal scholars emphasize that goals that are aspirational need additional mechanisms to reach beyond the fragmented and compartmentalized system of international law (Kim 2016: 17). In principle, such mechanisms can be found in the other parts of the 2030 Agenda, especially in the sections on the means of implementation and on the follow-up and review.

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Section: Aspirations and Expectationsmentioning

confidence: 99%

Global Governance

Beisheim¹,

Bernstein²,

Biermann

et al. 2022

The Political Impact of the Sustainable Development Goals

View full text Add to dashboard Cite

show abstract

“…Other noticeable finance arrangements is multilateral development banks (MDBs) (F5). MDBs are international development finance institutions such as the World Bank, and they provide large-volume finance at attractive terms to developing countries in various forms such as grants, concessional loans, capital injection, and technical assistance (Bhattacharya et al, 2018; Ray & Kamal, 2019; Kharas, 2021). Developing countries generally do not have sufficient budgets to finance infrastructure development, even though the demand is huge.…”

Section: Resultsmentioning

confidence: 99%

“…As for collaborations between MDBs and countries (P3), Kharas (2021), for instance, emphasizes the importance of collaboration between MDBs and developing countries’ governments to use MDB finances specifically for sustainable infrastructure. On the other hand, Bhattacharya, Kharas et al (2018) state that it is important for MDBs and governments of developing countries to develop their common standards for sustainable infrastructure to support its promotion. It should be noted that collaboration among MDBs and countries (P3) is supported more in the articles focusing on the environmental pillar, while the other types of collaborations (P1, P2, and P4) are discussed in a more general context.…”

Section: Resultsmentioning

confidence: 99%

Sustainable Infrastructure: A Systematic Literature Review on Finance Arrangements and Governance Modes

Endo

Edelenbos

Gianoli

2022

Public Works Management & Policy

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In recent years, the concept of sustainable infrastructure has become a key concern for infrastructure development. However, there has been little comprehensive research on the enabling factors for sustainable infrastructure development. To address these knowledge gaps, this research conducted a systematic literature review of the enabling factors, with a specific focus on finance and governance, to provide new insights for development practitioners and academic scholars. The research first reviewed the characteristics of sustainable infrastructure, identifying several types of definitions. Subsequently, the research identified multiple finance arrangements and governance characteristics that have been applied to sustainable infrastructure. We confirmed that public-private partnerships (PPPs) and multilateral development banks (MDBs) play central and critical roles in leading and including other finance arrangements and governance characteristics of sustainable infrastructure development. In addition, the review suggests there are various governance modes combining horizontal process management with vertical project management for realizing sustainable infrastructure development.

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“…New agendas like the Sustainable Development Goals (SDGs) require significant investment in sustainable infrastructure and human development. Multilateral development banks also play a crucial role in supporting the new global agenda, but improved operational coherence is needed to enhance their impact [40].…”

Section: Theoretical Aspects and Implementation Approachesmentioning

confidence: 99%

Grasping The Essence of The Millennium Development Goals: A Literature Review

Muhamad,

Rifdah,

Hidhayad

et al. 2024

IOP Conf. Ser.: Earth Environ. Sci.

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The Millennium Development Goals (MDGs) are a set of global objectives formulated and established by the United Nations to address various economic, social, and environmental challenges faced by the global community. Created in 2000, the MDGs have shown uneven progress, prompting critical analysis and improvement efforts, leading to the development of the Sustainable Development Goals (SDGs) as a more robust replacement. This research aims to delve into the essence of the formation of MDGs through an analysis of various relevant literature sources. This literature review employs a descriptive analysis method to dissect various aspects of MDGs, including theoretical aspects, historical context, and the impact of their implementation in various countries. The findings of this study highlight both the successes and obstacles encountered in achieving the MDGs and their relevance to post-MDGs sustainable development. The research also provides deeper insights into the policies and strategies needed to continue the MDGs’ achievements within the context of the SDGs adopted in 2015. The findings of this research are expected to make a significant contribution to a better understanding of the MDGs.

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The New Global Agenda and the Future of the Multilateral Development Bank System

Cited by 7 publications

References 0 publications

Global Governance

Global Governance

Sustainable Infrastructure: A Systematic Literature Review on Finance Arrangements and Governance Modes

Grasping The Essence of The Millennium Development Goals: A Literature Review

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