Video recordings of the #BWCAM23 sessions are now available on our website: bit.ly/3ZKXVe8
Photographed by Paul Morigi
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Earlier this week I had a good, wide-ranging discussion with Bill Rhodes at the 's Annual Meeting.
We covered the debt crisis, the global economic outlook, the Group’s evolution, and much more.
Transcript: wrld.bg/w9tS50NIMWJ
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Attended the annual Bretton Woods Committee, International Monetary Fund and The World Bank meeting listening to
Kristalina Georgieva, Managing Director, International Monetary Fund withJohn Lipsky, Vice-Chair, Bretton Woods Committee, David Malpass Pres…
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Photographed by : Our featured panelists from Monday's session co-hosted with and opened #BWCAM23 on a strong note with an engaging discussion on #climatefinance
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Day 2 of the IMF/WB Meetings in the books! It was another very productive day of discussions with global leaders on mobilizing climate finance, the global financial outlook, and challenges ahead.
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During the 's Annual Meeting today, I spoke with Bill Rhodes on the difficulties in normalizing interest rates, the intensifying debt crisis, the Group's evolution, and the costs of climate change.
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"If we didn't have the Bretton Woods institutions today, we'd have to create them." - at #BWCAM23's Entering the Reform Era of IFIs with #SiddharthTiwari, #AxelWeber, , and #XianZhu. #IFIs #MDBs #reform imfconnect.org/content/imf/en
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"Most of the problems we have are global problems. We have global institutions... but we don't have a global strategy." - #AxelWeber at #BWCAM23's Entering the Reform Era of IFIs with #SiddharthTiwari, , , and #XianZhu. #IFIs #MDBs #reform
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Are there more sovereign debt defaults to come? "Most likely," says #TrangNguyen at #BWCAM23's Private Sector Engagement and Equitable Burden Sharing: A New Model with #WilliamRhodes, #RichardCooper, #MarkWalker, #CarlRoss, and #XuanChangneng imfconnect.org/content/imf/en
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"A default is really costly and damages a country's reputation for a very long time." - #CarlRoss with #WilliamRhodes, #RichardCooper, #MarkWalker, #TrangNguyen, and #XuanChangneng at #BWCAM23's Private Sector Engagement and Equitable Burden Sharing: A New Model #sovereigndebt
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"It's good Bretton Woods Committee has been a leader" in the effort of transparency and anti-corruption drives. - at #BWCAM23 with #WilliamRhodes
"The World Bank is the largest, by far, of the international financial institutions'... climate finance." - at #BWCAM23 with #WilliamRhodes. #climatefinancing #IFIsreform imfconnect.org/content/imf/en
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"Thank you to the Bretton Woods Committee for raising the detailed topics. Bill Rhodes is a world expert in the details of how you get to restructurings." on #sovereigndebt #debtdefaults at #BWCAM23 with #WilliamRhodes
"Climate shocks are macro-critical. They undermine macroeconomic and financial stability. They challenge our growth trajectory. They are a source of inequality and poverty. We stay strictly within our lane... fiscal policy." - at #BWCAM23 at with #JohnLipsky
Why are new man-made problems taking away our resources, and “where are the women to solve them?” asks at #BWCAM23 imfconnect.org/content/imf/en
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"If the Bretton Woods Committee can do something for us, it's to please always remind us why we exist, to solve problems for the benefit of humanity." - at #BWCAM23 with #JohnLipsky
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Slightly fan-girling over @KGeorgieva at the @BrettonWoodsCom Entering the Reform Era of the IFIs event at the #SpringMeetings2023
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The world faces many shocks and uncertainty and we must not lose sight of the urgent need to address climate change. The Resilience and Sustainability Trust is already helping countries, with many more interested, so we have more work to do. bit.ly/3UnC4Ya
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Engaging the #privatesector in #climatefinance has to be deeper and more dynamic than risk guarantees agree ’s Ken Lay and BWC’s #JohnLipsky at #BWCAM23
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If the challenges of #climatechange are not met, the rest of our accomplishments will be meaningless, is the urgent message opened #BWCAM23 with.
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These young #Nigeriens 🇳🇪 are making it big with social safety net projects, transforming their lives and communities.
Get to know them: wrld.bg/JMj650NC7gE
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Today at 4pm, opens #BWCAM23 introducing a #climate event co-hosted with and . Hear from ’ #BoLi, , #JinLiqun, ’s Ken Lay, & moderated by BWC Vice-Chair #JohnLipsky. bit.ly/3ZKXVe8
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Member Monday: this week, BWC welcomes new member Axel Weber, president of the . In the past, he has been president of the and chairman of . We appreciate his support for our work and mission, and we look forward to his engagement!
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On Tuesday, Join BWC Vice-Chair William R. Rhodes and President in an engaging conversation on #IFIsreform, #climatefinancing, and what comes next for the #WorldBank. bit.ly/3ZKXVe8
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Join BWC on Tuesday 4/11: #BWCAM23 kicks-off with in conversation with BWC’s own #JohnLipsky on the state of the #economy and the role of the in #trade and #globalpublicgoods bit.ly/3ZKXVe8
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Moustapha Conde is a Guinean agripreneur👨🏿🌾. Once, he could not sufficiently feed his family nor sell to generate income.
Today, he has grown his farm and business with support from the $40 million World Bank-funded Integrated Agricultural Development Project.
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On Monday at #BWCAM23, opens a #climate discussion co-hosted with and . Hear from Deputy MD #BoLi, , #JinLiqun, and moderated by BWC Vice-Chair #JohnLipsky. bit.ly/3ZKXVe8
The rehabilitation of a -financed health center is transforming lives in #Haiti. #WorldHealthDay
It now offers preventive, emergency, inpatient & outpatient care + diagnostic laboratory services. #HealthForAll
Learn more: wrld.bg/x8Vg50NEaXB
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BWC member Gary Kleiman writes in Pro on fragile African states having "unaccustomed bright spots amid pervasive economic and financial gloom the past year."
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#Libya/#Somalia/#Sudan conflict state remote glimmer investor radar screen acrobat.adobe.com/link/review?ur Official debt cancel Mogadishu #IMF completion point signal. #Khartoum 2nd civilian-military govt write-off process, $5 billion aid resume. #EmergingMarkets
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Have you heard about greenhouse gas emissions and carbon pricing ❔ Pricing carbon is essential for climate change mitigation. Learn more about it and its macroeconomic implications here 👉 bit.ly/3JMXNnw
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Watch Chief Economist discuss #Ukraine's economic forecast from our recently released #ECAUpdate: wrld.bg/g2Nn50NC0iL
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The #BoaoForum2023 took place in China last week, with discussions focusing on regional cooperation in Asia, carbon neutrality, green energy, climate change, and the digital economy.
bit.ly/40HxJRw
The MDB Reform Accelerator Hub was officially launched yesterday by the and a community of think tanks from around the world. The Hub will produce research and analysis aimed to promote reform at the and other development banks.
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#Peru is one of the world’s most water-insecure countries. The capital, Lima, is home to over 10 million people & receives an average of just 13mm of annual rainfall.
Find out how nature-based solutions can help improve the country's #WaterSecurity: wrld.bg/xm7r50Nzcfu
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This morning, BWC Board Member Afsaneh Beschloss of sat down with sole President nominee Ajay Banga at to discuss the Bank's role in responding to the most pressing development challenges of our time.
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In #SaintLucia, $11.7 million in guarantees from will help the country to:
💡 increase light levels
🌱reduce greenhouse gas emissions
📈 improve energy efficiency
ℹ️ wrld.bg/TVrV50NAk5X
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Inconsistent and poorly informed guidelines undermine the financial system, writes DeLisle Worrell of the Bermuda Financial Policy Council:
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For every $1 invested in nutrition, there is a $16 socioeconomic return, making investing in the #nutrition of African people not only crucial to creating a healthy and productive society, but an economic imperative: bit.ly/434gwUC
#HDNutritionFinancing2023 #FeedAfrica
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" said Europe needed to 'de-risk' diplomatically and economically from China."
"Japan announced trade controls that align with a U.S. push to curb China's ability to make advanced microchips."
"'It isn't clear business is keen to enter,'" beyond those already there.
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China's overtures to foreign firms fall on familiar ears at 'Asia's Davos' reuters.com/world/china/ch
Member Monday: this week, BWC welcomes our newest member, Michael McRaith, vice chair of insurance solutions at . In the past, he served as the director of the Federal Insurance Office at . We appreciate Michael's support and look forward to his engagement!
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