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The World Bank was set up by the victorious powers at the end of WWII as a bank to aid postwar reconstruction and development. Over the last 75 years, new institutions have been set up to assist in economic development, including for example the African Development Bank, the Inter-American Development Bank, Asian Development Bank and, within the last two years, the Asian Infrastructure Investment Bank and the BRICs Bank. What is the role of the World Bank in this new world? And what should the architecture of the system of Multilateral Development Banks (MDBs) look like?
Guest speakers Caroline Freund, Homi Kharas and Johannes Linn, with moderator Ravi Kanbur, addressed these crucial questions for emerging economies and the world economy April 4, 2016 as part of the Mario Einaudi Center for International Studies' Roundtable Discussion series.