Tag: Bretton Woods

For a new International Financial Architecture

19 November 2024 / / 0 Comments

The international financial architecture is in urgent need of reform. In the words of UN Secretary-General António Guterres, it is “outdated, dysfunctional and unjust”. The main institutions were created 80 years ago in a transatlantic agreement, at a time when many of the world’s nation-states of today were still colonies. Moreover, the institutions have failed in their mission to prevent and mitigate crises and to mobilize sufficient financing for internationally agreed development goals.

Reimagining the International Financial Architecture | Global Policy Forum

Bretton Woods at 80: what future?

18 July 2024 / / 0 Comments

On the eightieth anniversary of the World Bank and the International Monetary Fund, it is time for a change of course. In this blog, our experts on the Bretton Woods Institutions explain why the world is in urgent need of more responsive, democratic, accountable and development-orientated. global economic governance. 

Bretton Woods Institutions at 80: What should the future look like? – Eurodad

Rich Nations and IMF deepen World Stagnation

17 December 2023 / / 0 Comments

The Bretton Woods institutions’ (BWIs) annual meetings in Marrakech in October were only the second-ever in Africa. But the rich nations-dominated BWIs failed yet again to rise to the challenges of our times, setting Africa and the global South even further back.

Instead of fostering cooperation to address the causes and effects of the contemporary catastrophe, neither the International Monetary Fund nor the World Bank governors could agree on joint communiques due to the greater politicisation of multilateral fora.

Read the article by Jomo Kwame Sundaram

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