Fostering law reform by MDBs
- October 19, 2022
- 12:00 PM - 1:00 CST
- Online
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Rule of Law for Development Program, School of Law
prolaw@luc.edu, prolaw@luc.edu - Free
- Open to the public.
- Add to calendar
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Details
Join Tom F. McInerney, Executive Director of Loyola's Rule of Law for Development Program, in conversation with Gerard Johannes Sanders, Senior Adviser to the President and General Counsel Emeritus Asian Infrastructure Investment Bank (AIIB).
For the past several decades, multilateral development banks (MDBs) ¿ like the World Bank and regional development banks, such as the Asian Development Bank and the European Bank for Reconstruction and Development - have increasingly been engaged in law reform. This has usually taken the form of financing and often delivering technical assistance to developing countries and territories, either as a component of a specific investment project or to improve some aspect of the legal environment, such as rules governing economic activity or institutions enforcing or adjudicating those rules. This lecture explores the mandate MDBs have to foster law reform and how those institutions conceive such reform. It traces the history of MDB contributions to law reform and how that history has been shaped by evolving views of development. It reflects on the allocation of responsibilities in setting and implementing the reform agenda, referencing international agreements that set development goals and how these might be financed. This lecture considers how MDBs choose from among reform priorities, the institutional constraints that bear on those choices, and the mechanisms for delivering reform. Finally, the lecture asks what success looks like and how MDBs might enhance their legal reform efforts.
