The stakes are high for donors at next month’s IDA summit in Seoul, but not investing in development means more instability globally

Multilateralism is under attack. A toxic brew of multiplying conflicts, worsening climate impact, new pandemics and spiralling debt has brought the system to its knees, appearing almost incapable of properly addressing these converging crises. Adding the unknowns of a Trump administration into the mix will do little to allay concerns.

My own critiques of the current multilateral system are well documented, but I do not subscribe to the view that it has no future. What’s needed is a total reboot.