Dr Karina Patricio Ferreira Lima leads research with prestigious grant award
Interdisciplinary research team set to investigate lending risks and enhance local currency lending by Multilateral Development Banks (MDBs).
The School of Law is pleased to announce that Dr Karina Patricio Ferreira Lima, Lecturer in Commercial Law at the School, will lead the legal research within an interdisciplinary project that has been honoured with a prestigious grant from the Multilateral Development Banks Challenge Fund (MDB Challenge Fund).
The grant, announced just ahead of the Summit for a New Global Financial Pact due to be held on 22-23 June 2023 in Paris, is aimed at increasing efficiency and innovation in the global development finance system.
It presents an unprecedented opportunity to drive collective investment toward the United Nations’ Sustainable Development Goals and the Paris Climate Agreement.
Under the leadership of Professor Annina Kaltenbrunner from the Leeds University Business School (LUBS), the research team at the University of Leeds will be enriched by the legal expertise provided by Dr Patricio Ferreira Lima. As the team’s sole legal scholar, she will scrutinise the legal assumptions of MDB capital requirements and innovative legal and institutional arrangements that could lower the risks of local currency lending.
Dr Patricio Ferreira Lima expressed her anticipation for the project, stating:
It is a privilege to apply my legal expertise to this notable initiative. In collaboration with a multidisciplinary team from the University of Leeds and the University of Hertfordshire, we will explore and develop strategies to effectively reduce risks in local currency lending. This offers an extraordinary opportunity to make a meaningful impact on the global development finance system and accelerate our progress toward critical sustainability goals.
Dr Patricio Ferreira Lima’s legal expertise significantly strengthens the Leeds project, presenting a comprehensive, interdisciplinary approach to addressing complex challenges of global economic governance.
Her investigation into the legal aspects of MDBs is set to provide valuable insights and contribute substantially to the MDB Challenge Fund’s main objectives: helping MDBs unlock new development finance, safeguarding their financial integrity, and accelerating investment towards international sustainable development and climate change objectives.