In an op-ed for Project Syndicate, the authors of BWC's latest Multilateral Reform Working Group report call for the International Monetary Fund and the World Bank to continue their demonstrated ability to adapt to changing circumstances. In the face of increasingly complex, shared challenges like climate change, both institutions must evolve to fill major gaps in today's global-governance architecture.
The piece outlines the findings of the gaps analysis employed in the group's inaugural report. The analysis finds gaps in governance, implementation, and accountability for both the public and private sector that need to be filled in order to adequately address challenges of the global commons.