Systemic Risk in Development Finance, ASRA-IDB Partnership
ASRA and the Inter-American Development Bank (IDB) are working together to co-develop a flagship briefing paper that reframes risk for multilateral development banks (MDBs), demonstrating how a new approach to risk planning can unlock new pathways for resilience, equity, and long-term impact.
A dedicated researcher will be embedded in the effort to deliver cutting-edge analysis of complex and compounding risks that shape development lending approaches and anticipated outcomes. The collaboration will also see the application of ASRA’s new systems-based tool “STEER” to identify and analyze how risks interact across systems and sectors, and how response mechanisms can be strengthened.
Applications are now open for the research position, available to citizens of IDB member countries.
This partnership was unveiled at the “Currents of Change: New Horizons in Systemic Risk” symposium [link to listing] at Les Fontaines, France at a time when the world faces a “polycrisis”—the convergence of systemic risks that threaten people, ecosystems, and institutions. In this context, multilateral development banks (MDBs) must strengthen how they respond to rising complexity, stress, and shocks across their investment and lending practices.
