The news that Werner Hoyer will be stepping down at the end of the year as president of the European Investment Bank (EIB), the world's largest multilateral financial institution, offers a chance to tackle one of the root causes of the so-called "crisis of multilateralism."
Like many other international organizations, the European Investment Bank is facing surging demands for its resources amid corrosive public skepticism regarding institutions. This lack of credibility has many causes,...
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Helen Clark is a former prime minister of New Zealand. She is also a member of GWL Voices, an advocacy group for multilateralism and gender equality made up of 70 global women leaders.