Joseph Stiglitz, Nobel Prize in Economics, delivers a video-recorded keynote speech at the 14th AFD International Research Conference on Development, The Visible Hand: Development Banks in Transition in the framework of the Finance in Common Summit. His intervention sheds light on how development banks provide a critical bridge for correcting the market failure.

In the context of the severe crisis affecting the world following the Covid-19 disruption, this edition focused on development banks’ key contribution to the Sustainable Development Goals (SDGs), and to paving the way to rebuild our economic systems in a more responsible and sustainable way. On 9 and 10 November, the Open Discussion Days gathered researchers, Public Development Banks representatives and other stakeholders to reflect on the key role development banks could play for building an efficient global, development-oriented finance architecture, and delivered concrete evidence-based recommendations to policy-makers.
The conference was organized, online, with the academic support of the lnstitute of New Structural Economics at Peking University (INSE), the lnstitute for Sustainable Development and lnternational Relations (lDDRl) and of the Foundation for Studies and Research on International Development (FERDI). More information and all publications: www.afd.fr/en/actualites/agenda/visible-hand-development-banks-transition

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