This volume, edited by James M. Boughton and K. Sarwar Lateef, contains the proceedings of a conference held in Madrid, Spain, in 1994, by the IMF and the World Bank to commemorate the fiftieth anniversary of the Bretton Woods conference of July 1944 that created the two institutions. The conference provided a forum for reflection and for reassessing the roles of the institutions as they approach the twenty-first century.
The conference concluded with evaluations of the issues by the two heads of the Bretton Woods institutions, along with statements by Jean-Claude Milleron, the Under Secretary-General of the United Nations (UN), who looked at the international agenda from the viewpoint of the UN, and by Pedro Solbes Mira, the Minister of Finance of Spain.
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