Member Views

US Calls for IMF Quota Reform to Support Vulnerable Nations

BWC member Hung Tran in Bloomberg:

"The move underscores US efforts to use the Washington-based institutions to counter China’s influence..."

“'This is... effort by the Biden administration to get traction, influence and friends in the Global South...'”

Will the G20 Summit Help India Become the Voice of the Global South?

BWC member Hung Tran writes for the Atlantic Council that "the West... the G7... should do what it can to tilt the balance in India’s favor in its competition against China to become the voice of the Global South, both this year... and next year... in Rio..."

Rising Use of Local Currencies in Cross-Border Payments

"China has been able to use its currency to settle half of its foreign trade and investment transactions."

A recent piece by Policy Center for the New South cited BWC member Hung Tran's Atlantic Council analysis on the RMB share of China's total cross-border settlements.

The Fed’s New Dollar Token Policy, and Why It Matters

A version of these remarks was delivered at the 5th Annual Cryptocurrency and Blockchain Summit held in Cambridge, UK on 7 September 2023 as part of the panel presentation: “The Future of Money – Stablecoins v. Central Bank Digital Currencies”

The Elephant in the Room; Preaching or Working on Climate Change

BWC member Miguel Schloss writes "Pursuing... mitigation measures is necessary but insufficient... 'the emphasis must shift from supply to demand... through policy and regulatory enablers and well-skilled workforce, requiring significant investment...'"

Prudential plc

Lastly this week we welcome new member Prudential plc.

Prudential provides life and health insurance and asset management to over eighteen million customers in Asia and Africa.

We appreciate their support for our work and mission, and we look forward to their engagement!

Bloomberg L.P.

This week we also welcome new member Bloomberg L.P.

Bloomberg offers and operates products and services such as Bloomberg News, Bloomberg TV, Bloomberg Businessweek, Bloomberg Professional Services, and many more.

We appreciate their support for our work and mission, and we look forward to their engagement!

Circle

This week we welcome new member Circle.

Circle is a fintech firm that enables businesses to use digital currencies and blockchains for payments and commerce worldwide.

We appreciate their support for our work and mission, and we look forward to their engagement!

Understanding the Growing Use of Local Currencies in Cross-Border Payments

BWC member Hung Tran writes that "bilateral cross-border arrangements do not constitute a threat to the premier position of the USD..." nevertheless they create "substantial costs in terms of lost economic efficiency and risks to financial stability..."

A Bigger BRICS? China Pushes to Expand Bloc

BWC member Hung Tran called alternative currency "'unrealistic' in an interview this week and said there was 'no other currency which really enjoys all the attributes and the convenience and the ease of dealing like the dollar or the euro at the moment.'"