As we mark the 80th anniversary of the Bretton Woods Conference, the International Monetary Fund and the World Bank Group are looking ahead to the challenges and opportunities of the future. Today, we launch our "Bretton Woods at 80" initiative, focusing on pressing global issues including climate change, environmental protection, pandemic preparedness, conflict resolution, and digital adaptation. The initiative, led by Sri Mulyani Indrawati, Minister of Finance of Indonesia; Patrick Achi, former Prime Minister of Côte d'Ivoire; and Mark Malloch Brown, former Deputy Secretary-General of the UN, alongside the IMF's Kristalina Georgieva and the World Bank's Ajay Banga, will bring together global stakeholders to envision a long-term view on the future of the world economy and explore how we can best continue to serve global stability and progress on a livable planet. Learn more:
The IMF has been in existence for 80 years since the United Nations Monetary and Financial Conference was held in Brayton Woods, New Hampshire. During this time, the original founding principles have been steadily implemented, but due to the economic environment, the emergence of virtual currencies, and the emergence of a society of inequality due to the prevalence of profit-firstism, mainly in the United States, rather than conflicts between countries, the IMF is facing internal conflicts and contradictions between generations, etc. within the country, making it difficult to manage due to its original framework. In this situation, it is necessary to examine the past history of the people who created these contradictions in order to plan future responses. The verification materials provided by the IMF also need to be reconsidered.
Developing countries progress can be faster, there are some things that are not implemented** developing countries, ancient scientists have found a way and everyone is not aware, China has implemented it first.🌏🌎🌍
It is important to rethink the relevance of the Bretton Woods System 50 years from now, given the rise of a multipolar world order and climate change as major impact factors on International Trade and FDI.🌐
Time for a bank of Britain for all public sector finance and pensions and savings. Too much public sector money goes to the private banks. Wasted
Interesting event
Sr. Advisor (Fortune 500 MNCs) | Independent Director | IAS (Retd.) Sec. GOI ('83 Batch) | MBA - IIM-A ('80) | Eco. (Hons.) - St. Stephens ('78) (DU Topper)
1wChallenge is simple Don’t make it look complex!! Compare what u envisaged ur role when u were established & what hv u achieved so far? Objectively Dispassionately Honestly Ur Report card will be before u!!! Then make amends Why? Because U can’t fund wars!!! Is that what imf is supposed to do!!???? Happy to be proved wrong factually Logically!!! Jkdadoo mba iima Ias retd