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The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world."
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. It is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff.
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic action that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a series of reciprocal trade agreements slowly reduced tariffs worldwide. Efforts to revamp the international monetary system after World War II improved exchange rate stability, fostering record growth in global finance.
Hans Eichel is a German politician (SPD) and the co-founder of the G20, or "Group of Twenty", an international forum for the governments and central bank governors of twenty developed and developing nations to discuss policy issues pertaining to the promotion of international financial stability.
Ngozi Okonjo-Iweala is a Nigerian economist, who has been serving as the Director-General of the World Trade Organization since March 2021. She is the first woman and first African to lead the World Trade Organization as Director-General.
Agustín Guillermo Carstens Carstens is a Mexican economist who has served as the general manager of the Bank for International Settlements since 1 December 2017. He served as governor of the Bank of Mexico from 1 January 2010 to 30 November 2017. In 2011, Carstens, along with Christine Lagarde, was one of the two final candidates to become the managing director of the International Monetary Fund. He previously served as secretary of finance in the cabinet of Felipe Calderón (2006–09), as deputy managing director of the International Monetary Fund (2003–06) and as treasurer of the Bank of Mexico. In 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine. Carstens took up his appointment as the general manager at the Bank for International Settlements in Basel, Switzerland, where he was appointed to a five-year term, starting on 1 December 2017.
John James Kirton is professor emeritus of political science and the director and founder of the G7 Research Group, director and founder of the G20 Research Group, founder and co-director of the Global Health Diplomacy Program, and founder and co-founder of the BRICS Research Group, based at University of Trinity College in the University of Toronto.
Simon Zadek is a writer and advisor, focused on business and sustainability. He is the Co-CEO of NatureFinance, a non-profit organization aiming to align global finance with nature positive outcomes.
Lael Brainard is an American economist serving as the 14th director of the National Economic Council since February 21, 2023. She previously served as the 22nd vice chair of the Federal Reserve between May 2022 and February 2023. Prior to her term as vice chair, Brainard served as a member of the Federal Reserve Board of Governors, taking office in 2014. Before her appointment to the Federal Reserve, she served as the under secretary of the treasury for international affairs from 2010 to 2013.
Malcolm D. Knight is a Canadian economist, policymaker and banker. He is currently Visiting Professor of Finance at the London School of Economics and Political Science and a Distinguished Fellow at the Center for International Governance Innovation. From 2008 to 2012, Knight was Vice Chairman of Deutsche Bank Group where he was responsible for developing and coordinating the bank's global approach to issues in financial regulation, supervision, and financial stability. He served as general manager of the Bank for International Settlements from 2003 to 2008 and as Senior Deputy Governor of the Bank of Canada (1999-2003), after holding senior positions at the International Monetary Fund (1975-1999).
Ngaire Tui Woods is the founding dean of the Blavatnik School of Government and professor of Global Economic Governance at the University of Oxford, formerly a professor at Harvard University. She founded the Global Economic Governance Programme and is the co-founder of the Oxford–Princeton Global Leaders Fellowship programme.
Eswar Shanker Prasad is an Indian-American economist. He is the Tolani Senior Professor of International Trade Policy at Cornell University and a senior fellow at the Brookings Institution, where he holds the New Century Chair in Economics.
The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established in the 2009 G20 Pittsburgh Summit as a successor to the Financial Stability Forum (FSF). The Board includes all G20 major economies, FSF members, and the European Commission. Hosted and funded by the Bank for International Settlements, the board is based in Basel, Switzerland, and is established as a not-for-profit association under Swiss law.
Markus Konrad Brunnermeier is an economist, who is the Edwards S. Sanford Professor of Economics at Princeton University.
Domenico Lombardi is a former director of the Global Economy program at the Centre for International Governance Innovation (CIGI), a non-partisan global governance think tank in Waterloo, Ontario, Canada. He is also chair of the Oxford Institute for Economic Policy. Until 2013 he was a senior fellow at the Brookings Institution.
Stephany Griffith-Jones is an economist specializing in international finance and development. Her expertise lies in the reform of the international financial system, particularly in financial regulation, global governance, and international capital flows. Currently, she serves as a member of the Governor Board at the Central Bank of Chile. She has held various positions throughout her career, including financial markets director at the Initiative for Policy Dialogue based at Columbia University, associate fellow at the Overseas Development Institute, and professorial fellow at the Institute of Development Studies at Sussex University.
Guntram Wolff is Professor of economics at the Université libre de Bruxelles, a European public policy expert and senior fellow at Bruegel and the Kiel Institute. From 2022 to 2024, he was the Director and CEO of the German Council on Foreign Relations [[DGAP]]. From 2013 to 2022, he was the Director of Bruegel. He was a honorary professor at the Willy Brandt School of Public Policy at University Erfurt and was a (part-time) Professor at the Solvay school of Université libre de Bruxelles. Under his leadership, Bruegel became a leading institute for European economic policy and has been ranked the top international think tank outside of the US by the University of Pennsylvania Think tank ranking. His research is focused on European political economy, climate change, geoeconomics and macroeconomics and has been published in academic journals such as Nature, Science, Nature Communications, Energy Policy, Climate Policy, Research Policy, Journal of European Public Policy, European Journal of Political Economy, Public Choice and Journal of Banking and Finance. He regularly testifies to the European Union Finance Ministers’ ECOFIN meeting, the European Parliament, the German Parliament (Bundestag) and the French Parliament. From 2012 until 2016, he was a member of the Conseil d'Analyse Économique (CAE) under successive Prime Ministers Jean-Marc Ayrault and Manuel Valls.
The R20 – Regions of Climate Action is a non-profit environmental organization founded in September 2011, by former governor of California, Arnold Schwarzenegger, with the support of the United Nations. R20 is a coalition of sub-national governments, private companies, international organizations, NGOs, and academic & financial institutions. Its mission is to accelerate sub-national infrastructure investments in the green economy to meaningfully contribute to the Sustainable Development Goals (SDGs). The NGO operates at the sub-national level as R20 believes sub-national governments constitute a powerful force for change and are best positioned to take action & implement green projects.
Jonathan David Ostry is Professor of Economics, Global Affairs and Public Policy at the University of Toronto, cross-appointed to the Munk School of Global Affairs & Public Policy and the Department of Economics. Prior to his appointment to the University of Toronto faculty, Ostry served as Professor of the Practice in the Department of Economics at Georgetown University. Ostry is also a Research Fellow at the Centre for Economic Policy Research (CEPR) in London, England, and a Non-Resident Research Fellow at Bruegel in Brussels. Prior to his academic appointments, Ostry served in senior roles for more than three decades at the International Monetary Fund (IMF) in Washington DC, including as Deputy Director of the Research Department and Acting Director of the Asia and Pacific Department.
Alice Chamberlayne Hill is an American policy-maker, thought leader, and academic. She currently serves as the David M. Rubinstein senior fellow for energy and the environment at the Council on Foreign Relations. She previously served as a fellow at Stanford University's Hoover Institution. During the Obama administration, she was Special Assistant to the President and Senior Director for Resilience Policy at the National Security Council, leading development of policy regarding national security and climate change, building climate resilience considerations and capabilities into international development and other federal initiatives, and developing national risk-management standards for damaging natural hazards. Prior, she served as Senior Counselor to the Secretary of the Department of Homeland Security, as a federal prosecutor, and judge and supervising judge within the Los Angeles Superior Court.
References
- ↑ Carnegie Endowment Profile
- ↑ White House Announcement 01/22/2024
- ↑ Building a Resilient Tomorrow at Amazon.com
- ↑ Climate-Related Market Risk Subcommittee
- ↑ Martinez-Diaz's expert page at the Brookings Institution Archived 2008-07-20 at the Wayback Machine
- ↑ Partnership for the Americas Commission Archived 2008-09-07 at the Wayback Machine
- ↑ Globalizing in Hard Times at Amazon.com
