Member Views

Virtual Cash Will Survive the Crypto Winter

The Bretton Woods Committee is proud to Member Spotlight BWC Chair William C. Dudley who recently authored a Blooberg article on the capacity of CBDCs to make the financial system more useful to greater numbers of people and the need for international standard-setting.

“I believe they [CBDCs] still have ample potential to fulfil the promise of a more efficient and inclusive financial world. But their impact will likely be more evolutionary than revolutionary. CBDCs are coming, because they represent a big upgrade over money as we know it," said Dudley.

Multilateral Development Banks Need to Play a Bigger Role in Closing the Climate Finance Gap

Read the Climate and Energy Transition Finance Team's Latest Brief Here.

How a new climate accelerator in the World Bank can help

Hierarchy and Differentiation in International Regime Complexes: A Theoretical Framework for Comparative Research

The landscape of global governance is increasingly crowded. In nearly every major policy domain, multilateral cooperation occurs within clusters of nested and overlapping international institutions. A growing body of research examines these ‘international regime complexes,’ establishing institutional density as a defining feature of contemporary global governance. Issue areas as diverse as trade, climate change, education and crisis finance have experienced a crowding of governance institutions over time.

How the IMF can navigate great power rivalry

BWC member Hung Tran recently published an issue brief with the Atlantic Council titled How the IMF can navigate great power rivalry. The work addresses how power competition has raised mistrust and undermined cooperation as well as explores how policies to promote de-risking have deviated from the IMF template and how systems are coping with the consequences of fragmentation.

The convergence of AI and digital assets: A new dawn for financial infrastructure

The financial landscape has been in a constant state of evolution. From stock ticker machines to algorithmic trading systems, innovation has always been at the core of finance. Yet, among these transformative changes, the confluence of artificial intelligence (AI) and digital assets like cryptocurrencies, central bank digital currencies (CBDCs), and tokenized assets has the potential to be the most disruptive change to finance in decades. This post aims to explore this intersection, focusing on how AI and digital assets are reshaping financial services and infrastructure.

Bryan Zhang

This week we welcome new member Bryan Zhang, Co-Founder and Executive Director at Cambridge Centre for Alternative Finance. 

Bryan is a highly experienced co-founder, director, board-level advisor and independent chair with a global track record and expertise in technology-enabled financial and regulatory innovation.

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

Libya, Morocco calamities blot investor glimmer

The coincidental natural disasters in Morocco and Libya captured global headlines with their near biblical ferocity, wiping out entire towns without warning and historical experience, but also came as the neighbours were again drawing in foreign portfolio and direct investors after bumpy political and economic rides last year.

The World Bank & AI: Leveraging AI to Accelerate Global Investments for Economic Development and Climate Finance

Artificial Intelligence (AI) is at the core of the future of the global capital markets. The World Bank can capitalize on it by leaning in from a governance and operational standpoint to leverage AI to accelerate investments for emerging markets and developing economies (EMDEs).

Delisting From the US: Chinese Firms Prove Popular Over the Counter

BWC member Hung Tran was interviewed by IR Magazine: "while many of the voluntary delisting decisions were viewed through the lens of Chinese resistance to US auditing requirements, the moves are also about longer-terms plans for the Chinese market."

Western Rival to Belt and Road Has Much to Prove

BWC member Hung Tran was interviewed by Reuters Breakingviews on the Partnership for Global Infrastructure and Investment.

It insists "on high environmental, social and governance standards. It has therefore taken time to build up a pipeline of quality projects."