William Rhodes, Bretton Woods Committee Advisory Council Member and Global Advisors CEO, says Venezuela is in the midst of a health crisis. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Institutions are products of their time, and essentially all have sell-by dates. They typically arise to meet a given challenge, and if proven durable become embedded in the fabric of their environment—at least, up to a point.
Few initiatives would be more in keeping with the spirit and goals of the Bretton Woods Committee than the development of wide spread use of a truly international currency—the IMF’s SDR.
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Italy’s recession at the end of 2018 was almost unprecedented among the euro area’s major members and provided further evidence of the self-inflicted damage to the economy.
NEW DELHI: The US has proposed withdrawal of special rights and exemptions for emerging economies such as India and China, which are members of the Organisation for Economic Cooperation and Development (OECD), Group of 20 (G20), classified as “high income” by the World Bank or account for more than 0.5% of global merchandise trade.
WASHINGTON — Lebanon has nominated investment banker Ziad Hayek as a candidate for president of the World Bank, mounting the first challenge to U.S. President Donald Trump's choice to lead the development lender, Hayek said in a Twitter post on Tuesday.