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 today

War 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.

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