Bretton Woods 2.0 Project

On February 25, Senior Fellow Martin Mühleisen testified to the House Committee on Financial Services at a hearing titled, “Examining Policies to Counter China” 

The answers to each of these questions will help determine the United States’ economic standing in the next twenty-five years.

The geopolitical rivalry between the United States and China has become more intense since Trump’s first term, which could affect how the incoming administration approaches the Bretton Woods institutions.

Fragmentation resulting from geopolitical competition between large economies is posing a serious challenge to the fulfillment of IMF’s core missions. Here’s how it can respond.

Given China’s current resource advantage, Western countries need to make better use of the IMF and World Bank where doing so is in their interest. If applied more broadly, this approach could provide incentives for other governments to return to multilateral institutions, instead of China, for support.

The African continent potential to revitalize the world economy and reverse the downward trend in global growth. However, for this to materialize, it needs substantial investments in its physical and social infrastructure.