Changing World News

Why the landmark Bretton Woods deal is as relevant today as in 1944 | Larry Elliott

Countries came together early and decisively to fix a broken global system. The same ambition is needed todayWar was still raging in Europe and Asia when delegates from 44 countries met at Bretton Woods in New Hampshire in July 1944. Three weeks of negotiations produced two new global institutions – the International Monetary Fund and the World Bank – and a different economic mindset. Related: The Guardian view on the IMF and World Bank: back a global Green New Deal | Editorial Continue reading… Source – Full Article