International Council 2020: Building a Post-Pandemic Economy and Multilateral System

Date and time
End date and time
Attendance restrictions
by invitation only
Location
GoToWebinar Virtual Conference

This year’s International Council meeting has been adapted to a virtual format due to the coronavirus and will be held alongside the virtual IMF/World Bank Annual Meeting the week of October 12-16. Continue to check here for updates to the International Council agenda. Additional sessions and speakers will be announced soon.

Members that are interested in attending may contact the Secretariat ([email protected]) for registration information.

 


 

International Council 2020: Building a Post-Pandemic Economy and Multilateral System

Alongside the tragic human toll, the coronavirus pandemic has ushered in the worst global recession since the Great Depression. Confronting growing uncertainty, a sluggish recovery, and burdensome debt, the international financial institutions (IFIs) have a critical role to play. In the face of these challenges - exacerbated by domestic "go-it-alone" policy approaches and tensions between major economies - global leaders must make the case for international cooperation. This year's International Council will convene global thought leaders to discuss how to rebuild the global economy and strengthen the multilateral system.

 

Central Banks: Crisis Panacea?
Monday, Oct. 12 | 10:30 - 12:00 PM EDT 

The global downturn triggered by COVID-19 has highlighted the increasingly essential crisis-fighting role of central banks, which have deployed a range of traditional and innovative tools to stabilize financial markets. Going forward, which policy levers will be most effective and how can central banks best coordinate?

Janet Yellen, Distinguished Fellow in Residence, Brookings Institution and Former Chair, Federal Reserve Board
Lorenzo Bini Smaghi, Chairman, Société Générale and Former Executive Board Member, European Central Bank
William C. Dudley (Moderator), Executive Committee, Bretton Woods Committee and Former President, Federal Reserve Bank of New York

 

BWC Member Discussion with Executive Committee
Tuesday, Oct. 13 | 2:00 - 3:30 PM EDT 

Members of the Bretton Woods Committee are invited to join the Executive Committee for a discussion on the recent leadership transition and plans for the future. Executive Committee members William C. Dudley, John Lipsky, and William R. Rhodes will provide brief introductory remarks to be followed by open discussion with members. Please join to share your perspective on the Committee’s future.

 

Rebuilding for the Future
Wednesday, Oct. 14 | 2:00 - 2:45 PM EDT 

The novel coronavirus pandemic has battered the global economy: the latest IMF forecast projects negative 4.9% global growth in 2020 and extreme poverty is set to increase for the first time since 1998. Given these dramatic headwinds, how can the international community and the IMF help rebuild the global economy? In today’s shock-prone world, how can we build resilient, sustainable economies?

Kristalina Georgieva, Managing Director, IMF
John Lipsky (Moderator), Executive Committee, Bretton Woods Committee and Peter G. Peterson Distinguished Scholar, Johns Hopkins School of Advanced International Studies

 

Debt and Development
Wednesday, Oct. 14 | 2:45 - 3:30 PM EDT 

The World Bank predicts that the dual health and economic crises triggered by Covid-19 could push more than 70 million people into extreme poverty in 2020. How can the international community and the World Bank work to prevent development backsliding? What can be done to support countries facing a public health crisis, recession, and mounting debt?

David Malpass, President, World Bank
William R. Rhodes (Moderator), Executive Committee, Bretton Woods Committee and President and CEO of William R. Rhodes Global Advisors

 

Emerging Market Debt and Financial Stability Risks
Thursday, Oct. 15 | 9:00 - 10:30 AM EDT

The COVID-19 crisis continues to strain emerging market and least developed country economies, with many experiencing rising debt and precipitous declines in trade, capital inflows, and reserves. How can the international community help mitigate financial stability and growth risks posed by rising debt levels? Additional speakers will be announced soon.

Wei Sun Christianson, Chief Executive Officer, Morgan Stanley China
Arminio Fraga, Founding Partner, Gávea Investimentos and Former Governor, Central Bank of Brazil
Maria Ramos, Chief Executive Officer (Retired), Absa Group Limited
William R. Rhodes (Moderator), Executive Committee, Bretton Woods Committee and President and CEO of William R. Rhodes Global Advisors