This is the second installment in the Sovereign Debt Working Group’s series on examining and improving the current issues within the sovereign debt architecture.
Corruption operates across borders and industries and at all levels of government, society, and the economy. Its consequences cannot be overstated – it undermines public trust in governments and democratic institutions, increases inequality, and incentivizes criminality.
2021 was a great year of growth for BWC. Under the leadership of the new Board and Advisory Council and a growing Secretariat, new program offerings presented increased opportunities for members to engage and for BWC to strengthen its impact.
The World Trade Organization (WTO) has been dealing with a number of systemic challenges which require meaningful progress on crucial issues, including: responding to the COVID-19 pandemic, reforming the dispute settlement system, reaching agreement on fisheries subsidies, updating trade rules for the transitions to digital and green economies, and tackling market-distorting policies and practices.
ENGLISH VERSION - The Bretton Woods Committee was pleased to partner once again with the Italian Banking and Finance Federation on this year's Rome Investment Forum, a high-level annual conference focused on global financial and economic cooperation. The Forum took place virtually on December 2nd.
The COP26 summit brought governments, civil society and the private sector together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change (UNFCCC).
Most policymakers and experts around the world agree that some level of debt transparency is required for effective sovereign liability management. But there is far less agreement on what information should be disclosed, who should disclose, and whether disclosure should be enforced. A panel of leading experts will share their views on these pressing questions. Additional speakers may be announced later on.
World Bank President David Malpass spoke with BWC Vice Chair William R. Rhodes about the Bank's outlook for global development and the Covid-19 recovery.
U.S. Treasury Deputy Secretary Wally Adeyemo spoke with BWC Chair William C. Dudley about the Administration's international economic and multilateral priorities.
IMF Managing Director Kristalina Georgieva spoke with BWC Vice Chair John Lipsky to discuss the Fund's global outlook and the Covid-19 recovery.