Event Summary

International Council 2023 Recap

Thu, Oct 12, 2023


Date and time: Tuesday, October 10, 2023 2:00pm – 6:00pm WEST, followed by reception

Thursday, October 12, 2023 10:30am – 11:30am WEST

Attendance restrictions: by invitation only

Location:  OCTOBER 10: ATLAS Quarter, Room AA03

                                 Bab Ighli Meetings Campus


OCTOBER 12: Moroccan Ministry of Economy and Finance




This year’s conference will examine a rapidly changing world, where a complex web of global challenges – debt, climate, inequality – converge in an era marked by fragmentation and strategic competition. Geopolitical dynamics and global influence are rapidly rebalancing toward a multipolar world.  In the decades ahead, profound demographic shifts – an estimated doubling of Africa's population and reduction in advanced economies – will change labor market dynamics and create opportunities for the Global South to be the significant driver of global growth. These trends foretell a future where emerging players from Asia, Africa, and Latin America wield unprecedented influence over the global economy and the international order.

This juncture is more than an opportunity—it's a mandate for action. It compels us to enhance the efficacy of the multilateral order and to foster more effective international collaboration. As the Global South ascends, pivotal questions arise: How can international financial institutions be strengthened and reformed to support the corresponding imperatives of climate action, poverty alleviation, sustainable growth, and development? How can access to finance be made more effective, efficient, and inclusive to help ensure that burgeoning economies and marginalized communities have a more equitable share and stake in the global economic fabric? How can emerging economies and developing nations harness their voice to reshape the global governance architecture?

The conference will explore the breadth of proposed multilateral reform strategies, including from the G20, the Bridgewater Initiative, the BWC itself and others, to effectively navigate fragmentation and propose a stronger multilateral framework that better responds to 21st century challenges, including the growing needs of the Global South.



Tuesday, October 10

Strengthening International Cooperation in a Fragmenting Global Economy

Video URL

This session was jointly organized by the Bretton Woods Committee, International Finance Forum and Center for Global Development

Opening Remarks: Kristalina Georgieva, Managing Director, International Monetary Fund


  • Masood Ahmed, President, Center for Global Development
  • Vera Songwe, Chair of the Board, Liquidity and Sustainability Facility
  • Axel Weber, Former Chairman, UBS Group AG
  • Bo Li, Deputy Managing Director, International Monetary Fund
  • Danny Alexander, Vice President of Policy and Strategy, AIIB
  • Martin Wolf, Chief Economics Commentator, Financial Times (Moderator)

In Conversation with IMF Managing Director Kristalina Georgieva

Video URL
  • Kristalina Georgieva, Managing Director, International Monetary Fund
  • William C. Dudley, Chair, BWC (Moderator)

Reforming the International Financial Architecture for Global Challenges

Video URL

Opening Remarks: Alexia Latortue, Assistant Secretary, International Trade and Development, U.S. Treasury


  • Axel Weber, Co-Chair, Multilateral Reform Working Group, Bretton Woods Committee
  • Siddharth Tiwari, Fellow, Chatham House; Senior Advisor to India’s G20 Sherpa; Vice-President, International Finance Forum (IFF)
  • Zhengxin Zhang, Executive Director for People’s Republic of China, International Monetary Fund
  • José Vinals, Group Chairman, Standard Chartered
  • Emily Slater, Executive Director, BWC (Moderator)


Thursday, October 12

Digital Finance and Crypto Assets Oversight – Where Do We Stand?

This session is jointly organized by the Bretton Woods Committee, Toronto Centre, and the CFA Institute

Crypto regulation was a key agenda of the G20 summit. While regulations and a framework have yet to be finalized, consensus emerged that a blanket ban was not feasible. The joint declaration noted that the G20 will continue to “closely monitor the risks of the fast-paced developments in the crypto asset ecosystem,” and the leaders endorsed the Financial Stability Board’s (FSB’s) “high-level recommendations for the regulation, supervision and oversight of crypto-assets activities and markets and of global stablecoin arrangements.” To delve into the nuances of these discussions and explore their implications, we invite you to register for our upcoming session. Stay informed and join the conversation on the future of crypto regulation!


  • William C. Dudley, Chair, BWC
  • Nezha Hayat, Chairperson and Chief Executive Officer, AMMC
  • Stefan Ingves, Former Deputy Governor, Sveriges Riksbank
  • Olivier Fines, Head of Capital Markets Policy in EMEA, CFA Institute
  • Marina Moretti, Deputy Director, Monetary and Capital Markets, International Monetary Fund (Moderator)



Special Thanks to our Conference Underwriter

Standard Chartered