Role of Multilateral Institutes in Sustainable Development

Sustainable development is an organizing principle for human life on a finite planet. It opposes a desirable future state for human societies in which living conditions and resource-use meet human needs without undarning the sustainability of natural system and the environment. So those future generations may also have their needs. In this way the word sustainable has been used in too many situations today and ecological sustainable growth, sustainable economics sustainable societies, sustainable agriculture. Everything is sustainable thus the social dimension of sustainable development has most often been ignored when developing future scenario or at best been dealt with as a framework condition for successful environment this would be removed by active participation of multilateral institute in sustainable development. And due to their active participation there is possibility of improvements in market economy, environment and social criteria will be developed. In this way it is not the purpose of this paper to undertake a systematic review of the economic or geographical consequences of moving from unsustainable to sustainable development mode. While some sectors of the economy might be reformed with little difficulty, in others the cost may considerable. This not a matter that the private economic markets alone can resolve although proper national, sectorial and regional polices would certainly helped the private sector to better management of the resource base would certainly help the lead the private sector to better management of the resource base. It is the public sector with its vital role in the policy formation and its services, that is chief player in redirecting growth to more sustainable forms. The private sector, including the increasingly recognized and active NGOs, is the pivotal co-participant of change in most increasingly recognized and active NGOs and some public spirited lawyers is the pivotal co-participant of change in most societies. The progress towards sustainable development also requires the active participation of the multilateral and bilateral finance and technical assistance institutions -- the World Bank, the regional Development bank (which include the Inter-American Bank Development Bank, the Asian Development Bank, and the United System of Agencies).