World Bank President Ajay Banga will explore the structures and incentives needed in the multilateral finance ecosystem to catalyze diversified private sector engagement to boost the financing of global development. This session will frame the Law, Justice and Development Week 2023 discussions by setting a vision, identifying pain points, and charting a path for lawyers and development practitioners to partner for impact and facilitate the enabling environment. The Law, Justice and Development Week – LJD Week – is an annual conference organized by the Legal Vice Presidency of the World Bank. This year's theme is "Partnering for Impact: Mobilizing the Private Sector for Sustainable Development." We explore the vital role of development finance institutions, private sector investments, and public spending in addressing global challenges. Learn more: http://wrld.bg/kOHa50Q6yQv

AGENDA
00:00 Welcome
03:18 Opening remarks by Christopher Stephens, Senior Vice President & Group General Counsel at the World Bank Group
➤ Conversation between World Bank President Ajay Banga and Sheila Braka Musiime, Deputy General Counsel at the World Bank Group
08:22 Main challenges the World Bank must address
13:18 Ending poverty on a livable planet
18:38 A bigger and better Bank
25:24 Partnerships and mobilizing the private sector
34:58 The role of the rule of law
37:51 Hope on the horizon
➤ Fireside chat with Sheila Braka Musiime, Deputy General Counsel at the World Bank Group, and Christopher Stephens, Senior Vice President & Group General Counsel at the World Bank Group
40:34 Which programs and law reforms are needed in which countries
45:43 Measuring success of a law reform or capacity building
52:38 The role of environmental and social safeguards
55:06 Collaboration with development partners
58:54 The legal function and the private sector
1:04:49 Hope on the horizon

ABOUT THE WORLD BANK The World Bank is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development on a livable planet. http://www.worldbank.org