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It is estimated that the world needs a massive increase in investment in development and climate if we are to achieve existing poverty reduction and climate goals by 2030. Yet, amid challenges that include the economic aftermath of the COVID-19 pandemic and the impact of the war on Ukraine on food and energy prices, the political will to deliver what is needed remains in short supply.
This policy paper, published on the eve of the October 2023 Annual Meetings of the World Bank and International Monetary Fund in Morocco, proposes some of the steps that are urgently needed now—including moves to reform the institutions that make decisions on the global financial system.
With a foreword by Prime Minister Mia Amor Mottley of Barbados and President Nana Akufo-Addo of Ghana, the paper draws on findings from the 2023 report, Open Society Barometer: Can Democracy Deliver?, which highlights the concerns and hopes of people all around the world, including those around the global economy and the institutions that govern it.
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