Multilateralism and Small Developing States

When multilateralism is placed among the small island developing countries of the world system it is both a blessing and a curse. There is no doubt that this statement indicates that multilateralism could simultaneously fail to advance the interests of small island developing countries in the global system. Small island developing countries have not passed the time because their power, wealth and influence, which exerts political influence on the global political field at the individual country level, are lacking, their interests are ignored It is ignored.

The Multilateral Development Bank (MDB) faces an uncertain future. There is a challenge for new multilateral institutions with new development funding sources, established norms and new focus areas. But, certainly, the multilateral development bank continues to demonstrate its value. Following the global financial crisis of 2008-2009, multilateral development banks and the International Monetary Fund intervened to provide important financial support to developing and emerging market countries. This is necessary when commercial banks and lenders withdraw from the loan to manage the balance sheet. The United States remains the largest or second largest shareholder among all of these institutions, which reflects the historical role in establishing them, but it also means that the United States will support its business It also reflects the fact that he made a tremendous financial contribution. The United States must lead the reform of multilateral development banks to more effectively respond to challenges over the next fifteen years.

Improve the efficiency of the World Bank and other development banks in improving living standards. The United States is committed to a comprehensive reform agenda that enables the World Bank and other multilateral development banks to better improve the lives of the world's poor. We overturned the declining trend of US donation and proposed an 18% increase in the US. Donated to the International Development Association (IDA) and the African Development Fund, which is the fund for the World Bank's poorest countries. The key to raising standard of living and reducing world poverty is to increase productivity especially in the poorest countries. We continue to urge the multilateral development banks to focus on activities that enhance economic productivity, such as education, health, enactment of regulations and development of the private sector.