Recent Highlights

FOR IMMEDIATE RELEASE (Washington D.C. – Nov. 6 / Singapore – Nov. 7) 

The Bretton Woods Committee (BWC) and DBS Group are jointly organizing the inaugural Future of Finance Forum 2022, held on November 7 from 9:00AM to 12:30PM SGT at the National Gallery Singapore. 

Preexisting shortcomings found in the international financial and security architecture have only been exacerbated by the Ukraine-Russia war. Emerging weaknesses in these arrangements – which exist to promote economic prosperity and maintain peaceful coexistence among nations – have become apparent in modern global issues affecting climate change, public health, and trade & finance.

WTO Director-General Ngozi Okonjo-Iweala joins Standard Chartered Group Chairman José Viñals to discuss the immediate and future priorities of the multilateral trading system and steps necessary for the WTO reform.

U.S. Trade Representative Amb. Katherine Tai joined Dartmouth Professor Doug Irwin to discuss the U.S. perspective in multilateral trade cooperation, and ways in which the new phase of globalization could become more resilient to potential shocks or sudden changes.

On October 12, International Council 2022 in-person sessions took place on-site the IMF campus. World Bank President David Malpass joined BWC Vice-Chair John Lipsky to discuss the Bank's Outlook in the midst of several converging international development issues - the Ukraine conflict, the resulting food & energy crisis, the global debt crisis, and climate change. IMF Managing Director Kristalina Georgieva joined Lipsky to discuss the Fund's global outlook – persistent supply-side disturbances fueling inflation, war’s e

The crypto market has lost two-thirds of its market capitalization in 6 months. Does DeFi technology still hold promise despite this crash? What needs to be done to effectively regulate this volatile industry to ensure investor security, consumer protection, and market integrity? Advocates of DeFi solutions argue that these new technologies could be used to provide significant benefits in terms of access, cost, and the ease of using financial services.

(For immediate release. Washington, D.C. October 13, 2022, 11:00 AM ET) – The Bretton Woods Committee (BWC) is pleased to announce the release of our two newest reports: “DeFi Technology: Opportunities and Challenges” and “Investor Protection, Market Integrity and Financial Stability in Digital Finance”. 

The needs to support net-zero transition are in the trillions; however, Multilateral Development Banks’ climate financing is in the billions. Given the scale of the challenges ahead, development banks must continue to explore financial innovations to responsibly stretch their existing balance sheets, especially to increase resources to fight climate change.