Is Bretton Woods fit for the 21st century?


Probably the best way to increase global funding is to raise the capital of the global multilateral development banks like the World Bank, Asia Development Bank, etc.

IN July 1944, delegates from 44 countries gathered in the United Nations (UN)-sponsored Conference in Bretton Woods, New Hampshire to decide on a post-World War II monetary and financial order.

In its closing speech, then US Treasury Secretary Henry Morgenthau concluded that the conference succeeded in addressing the twin “economic evils — the competitive currency devaluation and destructive impediments to trade” that led to the war.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Insight

Getting related-party transactions right
A test of investors’ patience
Self-strengthening only antidote to Trump’s return
New thematic play, please
When AI has to wait
Upholding duty of care as a board member
Different yardsticks for measuring GDP
Equity analysts, upgrade yourselves to ‘hold’
Banks hoping for loose Trump reins are too giddy
Optimistic view of the United States and South Korea alliance

Others Also Read