Climate change poses particularly difficult challenges for India. On the one hand, India does not want any constraints on its development prospects. On the other, it also wants to be seen as an emerging global power that requires a leadership role on key global issues like climate change. It can...

The paper addresses three key issues raised by the G-7 in its proposals to reform the multilateral banks, in 2001. One, the restructuring of IDA with a part of its lending in the form of grants ratherthan loans. Two, the harmonization of procedures, policies and overlapping mandates among MDBs....