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A central banker's view of global challenges and expectations for the Bretton Woods Institutions' response

· Andrew Bailey, Governor of the Bank of England (United Kingdom)

Summary written by Dark Majestic in its own words · topics: financial stability, trade, fragmentation and geopolitics

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· Andrew Bailey Wiki · Bank of England WikiA central banker's view of global challenges and expectations for the Bretton Woods Institutions' response

ContextEvening lecture at King's College, Cambridge; the Bank of England protects monetary and financial stability and looks to the IMF and World Bank to meet global challenges.

Why it mattersBailey calls for an IMF that helps countries build resilience before crises.

Problems raised
  1. Monetary stability is needed for trade.
  2. Global challenges test Bretton Woods institutions.
  3. The IMF is seen as reacting after crises.
Solutions proposed
  1. Strengthen IMF surveillance.
  2. Help members build resilience in advance.
  3. Make the IMF a trusted problem solver.
Read full speech on bis.org ↗

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