On October 9, 2015, Bretton Woods Committee member, Scott Morris of the Center for Global Development, testified before the Monetary Policy and Trade Subcommittee of the House of Representatives Financial Services Committee on the future of multilateral development banks (MDBs). Morris was joined on the panel by Dean Karlan, Martin Ravallion, and Patrick Chovanec.
Morris advocated for stronger U.S leadership in the MDBs such as the World Bank and Asian Development Bank and highlighted the strategic importance of MDBs to U.S. interests and influence in certain regions. He also cautioned Congress against allowing politically-motivated policy mandates to continue to be attached to appropriations bills for financing of the MDBs without open and transparent deliberation.
To read Morris’ full testimony, please click here.
Click here to access the video transcript of the hearing.