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Dear Constituent,
Thank you for your support in making 2024 a success! As we look to 2025, here’s a look back on our dynamic and impactful 2024.
Amid global challenges, geopolitical tensions, and a significant 80th anniversary for the Bretton Woods Institutions (BWIs), BWC remained a strong voice for multilateralism. We supported BWI reform efforts and underwent our own evolution, growing in both size and impact. We hosted events with new partners, engaged a new generation of global members, embraced new research areas and media formats, and adopted a new five-year strategic plan. Through our research, commentary, and events, BWC contributed to key policy discussions on sovereign debt, multilateral reform, climate and energy financing, and the future of finance.
Looking ahead to 2025, we hope to capitalize on this momentum to increase our policy impact and expand internationally with the help of our growing membership and partners. We wish you a holiday season filled with joy, hope, and happiness. It has been a pleasure collaborating with you, and we truly appreciate your continued support as we look ahead to the New Year and a new chapter of growth for BWC.
Kind regards,
Emily Slater
Executive Director
ΙGlobal Headlines
Ι With the largest replenishment in its history, the World Bank's IDA21 pledges unlock $100 billion in development financing for the next three years.
Ι The stakes for President Trump's second term are even higher than the first, with a variety of new issues already on Treasury Secretary nominee Scott Bessent's agenda.
In April, BWC's Multilateral Reform Working Group published its inaugural report with recommendations on how to strengthen and empower the BWIs to handle issues of the "global commons."The paper was launched at BWC's Spring Summit conference. Its key recommendations have resurfaced in press, at BWC's Annual Meeting, and in external events hosted by the IFF and the IMF. The Working Group has since released their second report, A Dual Strategy to Transforming Cross-Border Payments, that details two pathways to an affordable and inclusive instant payments regime.
Hosted by BWC Member Nancy Jacklin, Brettonomics brings each of the Bretton Woods Institutions into focus, discussing the history, mission, mandate, and wider context of the IMF, World Bank, and WTO. With the Bretton Woods at 80 initiatives in the background, Brettonomics was heard by university students, industry experts, and curious citizens across 43 different countries.
Following landmark pledges made at COP29 in November, Afsaneh Beschloss and Creon Butler joined BWC Vice-Chair John Lipsky for a BWC Dialogues virtual event. Their conversation centered around the key recommendations to mobilize private finance on the scales required to help emerging economies. These recommendations come from the policy report, Mobilizing Private Sector Finance for Climate Action and Energy Transition, that Beschloss and Butler co-authored as leaders of the Climate and Energy Transition team. This week, Beschloss and Butler recirculated their promising ideas with a BWC Blog outlining two specific financing windows that MDBs could implement to pull private investment toward climate action.
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