World Bank Chief Has a Plan to Save Multilateralism

Multilateralism, a once-popular idea, is currently in a state of decline if not crisis.

While the practice of multilateral diplomacy has been around for centuries, most of the institutions we now consider its main practitioners — the United Nations, World Bank Group, International Monetary Fund, World Trade Organization and others — were founded in the wake of World War II and arguably reached peak influence in the years following the collapse of the Soviet Union.