It's a theme resonating in many of the corridors and meeting rooms around this year's Spring meetings of the World Bank Group - but the conversation on multilateralism at the Atlantic Council between EIB President Werner Hoyer and former World Bank chief and former US trade envoy Robert Zoellick offered some fresh perspectives.
The conversation ranged from reflections on the new US administration, China as a "responsible stakeholder", to the value of Multilateral Development Banks like the EIB and the World Bank and how working together can help tackle challenges like migration and climate change.
“By simply walking away from a group of cooperative people you don't get stronger, you get lonely. We need to move away from zero sum thinking,” Werner Hoyer, President of the EIB
Speaking ahead of the IMF/World Bank Group meetings in Washington, President of the European Investment Bank (EIB) Werner Hoyer commented, "The EIB, as the EU’s bank, has a vital role to play in partnership with others in tackling the global challenges facing us today. The world’s challenges are beyond the capacity of any single institution. The EIB seeks partners and is a partner. Alongside other Multilateral Development Banks and National Promotional Banks, we can achieve even more to improve the lives of people around the world.”
The EIB, as a key player in international development, will be announcing a number of initiatives with its partners on the margins of the IMF/ World Bank Group annual meetings, taking place in Washington DC.