Bretton Woods Committee | Sun, Apr 24, 2022
The Committee invites all members to share their perspectives on how Russia’s invasion of Ukraine will impact the global economy and rules-based global economic order.
The Bretton Woods Committee Blog aims to help global leaders envision how to evolve and strengthen the multilateral financial system and encourage policymakers to recommit to the value of international economic cooperation. Calls for submissions vary dependent upon timely global events, but submissions are encouraged on any relevant topic on an ongoing basis.
Topic: The Multi-Faceted Impacts of the Crisis in Ukraine
The Russian invasion of Ukraine has already reaped global economic and financial repercussions. The European Union, the United States, and Canada have isolated Russia from their financial systems and from SWIFT, effectively limiting the country’s ability to participate in global financial and trading systems. For the first time in its history of neutrality, Switzerland has supported such sanctions, delivering a powerful message of coordinated consensus.
In recent statements, the World Bank and the IMF shared concerns of how the devastating developments in Ukraine will have far-reaching economic and social impacts including for the functioning of the financial system, commodity markets, supply chains and the direct impact on countries with economic ties to the region.
BWC wants to hear its members’ take on the multi-faceted economic and financial effects of the conflict in Ukraine, as well as how it will shape the future of multilateralism and the IFIs of which Russia is a member?
Please send submissions to [email protected].
Contact Chuyun Hu at [email protected] for any additional information.