Yet in recent years, some institutions have unfortunately begun to pursue problematic and divisive initiatives that reach well beyond their core missions and are not based on inclusive, evidence-based approaches or close consultation with member states and other international organizations. In many cases, these initiatives have moved away from traditional approaches engaging the private sector in policymaking and implementation. Such initiatives take time, focus, and resources away from the activities where they can be most effective, thus hampering both their effectiveness and credibility.
To best achieve their goals and win support from key stakeholders, international institutions must continue to reform and recommit to policies and programs that embrace transparency, evidence-based policymaking, and good regulatory practices such as cost-benefit analysis. Only by recommitting to these practices can these institutions promote activities within their core missions that advance global goals while also supporting innovation, economic growth and development.
