IMF

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We take a look back 75 years ago to July 1, 1944, when representatives from 44 nations convened to devise a post-World War II monetary system.

 

The location? 

 

The plush Mt. Washington Hotel at Bretton Woods,  where  delegates could work, distraction-free, to come up with a plan that would ensure post-war prosperity through economic co-operation. The United Nations Monetary and Financial Conference, known as the Bretton woods conference, would result in the World Bank and the International Monetary Fund.  

The Bretton Woods Conference: History And Legacy

Aug 12, 2014
Matthew Simoneau / Flickr/CC

Signed in New Hampshire seventy years ago this summer, the Bretton Woods Agreement established the U.S. dollar as the new standard for global trade. We’ll look at what changes this agreement made to the global trade system, some of the personalities behind it, and its legacy extending to the present day.

GUESTS:

On the eve of the spring meetings of the World Bank and the International Monetary Fund, the IMF's managing director, Christine Lagarde, says there's a spring wind blowing in a recovery for the world economy.

But, she cautioned, there are still dark clouds on the horizon — a reference to the continued threats posed by Europe's sovereign debt crisis. Lagarde says making sure the IMF has the resources to manage that threat is this meeting's top priority.

On tonight's All Things Considered, NPR's Robert Siegel talks to the chief of the International Monetary Fund Christine Lagarde.

Naturally, Robert focused his interview on Greece, which has been engulfed in a debt crisis that has threatened its membership in the European monetary union. Robert asked Lagarde about the tough austerity measures Greece has agreed to and whether those measures could promote a shrinking economy as opposed to getting Greece back to prosperity.