The shareholders of these key institutions play a key role. They must make timely replenishments of capital and grant resources, so that the greater emphasis on global public goods is not at the expense of poverty reduction and other key development goals. They must also enable the World Bank and IMF to put out much more money, much faster and with less elaborate conditions in a pandemic, just as their treasuries and central banks became major lenders and investors of first resort in their own countries.

Source: Washington Post September 16, 2021 19:41 UTC