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The International Monetary Fund (IMF)-World Bank virtual Spring Meetings took place as global economic turmoil deepened. The IMF projected the worst recession since the Great Depression – and warned that even this forecast might be too optimistic. While ...
The world is facing an unprecedented humanitarian crisis triggered by the outbreak of COVID-19. As the Bretton Woods Institutions (BWIs) deliver their virtual Spring Meetings, there are strong calls for an ambitious response. Both the World Bank and the ...
María José Romero (Eurodad), Jasmine Gideon (Birkbeck, Universidad de Londres), Patricia Miranda y Verónica Serafini (Latindadd) Este es el segundo de una serie de artículos sobre el brote de coronavirus y su impacto en América Latina. En el ...
Por María José Romero (Eurodad), Jasmine Gideon (Birkbeck, Universidad de Londres), Patricia Miranda y Verónica Serafini (LATINDADD) La epidemia de coronavirus es una emergencia sanitaria global que probablemente desencadenará una crisis económica ...
By María José Romero (Eurodad), Jasmine Gideon (Birkbeck, University of London), Patricia Miranda and Verónica Serafini (Latindadd) This is the second in a series of articles on the outbreak of COVID-19 and the impact on Latin America. In the ...
By María José Romero (Eurodad), Jasmine Gideon (Birkbeck, University of London), Patricia Miranda and Verónica Serafini (Latindadd) The outbreak of COVID-19 is a global health emergency that is likely to trigger a global economic crisis, impacting ...

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The Bretton Woods Institutions, 75 years on: reform or risk irrelevance.

The Bretton Woods Institutions were built on the ruins of an old world-order, at the end of World War II, and the dawn of a new world order, marked by the birth of many new nation-states and the onset of the cold-war. Ostensibly, the Institutions were created to preserve the peace by ensuring macroeconomic stability, supporting development and discouraging the creation of hostile trade or currency blocs. Yet, right from their beginnings, they have been the source of critique and concern. There were concerns about asymmetries of power, particularly in favour of the US. Then came concerns about uneven-handed treatment of countries in very similar circumstances. On the one hand, post-war Europe could quickly recover thanks to the US stepping in and instituting the Marshall fund. On the other, ...
The 2019 World Bank (WB) and International Monetary Fund (IMF) Annual meetings last week marked the 75th anniversary of the Bretton Woods Institutions (BWIs). However, there was little cause for celebration. The meetings took place amid a bleak global ...