Member Views

2024 - An Overall Positive Start

As of January, evolving global macro-financial indicators suggest a promising beginning to 2024. This comes amidst a context where inflationary pressures are easing, affecting short-term monetary policy prospects, and where there's notable resilience to ongoing risk factors.

Attaining Ajay Banga’s New Bank Vision – Mainstreaming Partnerships with Civil Society

President Ajay Banga has huge ambitions for the World Bank. But are they likely to impact climate change, reduce poverty, and strengthen prosperity? Or will they amount to no more than fine phrases in speeches and reports?

Sovereign debt workouts need knocking into shape

The BWC is pleased to Member Spotlight a recent article by Reuters featuring a proposal regarding sovereign debt workouts from BWC Member Hung Tran.

Sarah Hammer

This Member Monday we welcome new member Sarah Hammer, Executive Director of The Wharton School.

Professor Sarah Hammer is the Executive Director at the Wharton School of the University of Pennsylvania, leading strategic initiatives across Wharton finance and Wharton Cypher Accelerator. Sarah is also an Adjunct Professor at the University of Pennsylvania Law School.

We appreciate her commitment and support, and we look forward to her engagement with The Bretton Woods Committee. 

A Global Climate Guarantee Company Could Accelerate Private Funding of Climate Projects

The purpose of this article is to make the case for the establishment of a new financial guarantee company (referred to as Global Climate Guarantee Company or “GCGC”) that would facilitate and scale up private sector debt financing of climate and sustainable infrastructure projects globally.

RATIONALE

Dedollarization is not just geopolitics, economic fundamentals matter

The Bretton Woods Committee is pleased to Member Spotlight a recent article by Hung Tran published by the Atlantic Council. The work discusses how emerging markets aim to reduce reliance on the US dollar in global transactions due to geopolitical concerns, with private firms influenced by incentives, such as cheaper renminbi financing, contributing to the dedollarization trend, highlighting the growing use of local currencies in cross-border payments.

Geopolitics and the Geometry of Global Trade

The Bretton Woods Committee is pleased to Member Spotlight a recent report by our BWC organizational member, McKinsey Global Institute. The report highlights how global trade is evolving, urging business leaders to prepare for uncertainties through strategic planning and cooperation.

According to the report, "More shifts are likely and businesses need to be aware of the potential trade-offs of different paths ahead."

U.S. and China in a New World Order

The Bretton Woods Committee is pleased to Member Spotlight Paul Sheard and his recent guest appearance on Polaris-Live.com where he spoke with Sarwar Kashmeri concerning US-China relations and broader implications for future economic development.

How will ‘friendshoring’ impact global trade in 2024?

The Bretton Woods Committee is pleased to Member Spotlight Hung Tran's recent interview with The Banker for a new article titled "How will ‘friendshoring’ impact global trade in 2024?" 

According to the article, "Trade costs are expected to rise as political proximity increasingly trumps commercial convenience for the US and China."

Caxton Associates

This Member Monday we welcome new organizational member, Caxton Associates.

Caxton is a global macro hedge fund that utilizes a blend of rigorous market analysis, macroeconomics, politics plus policy, and company assessments to craft portfolios achieving a balance between exceptional returns and resilience.

We appreciate their commitment and support, and we look forward to their engagement with The Bretton Woods Committee.