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.
This session brought together a panel of experts who had participated actively in other events analyzing the future agendas of the Bretton Woods institutions to examine the full range of issues affecting the institutions from the perspective of both industrial and developing countries. Professor Gerald K. Helleiner of the University of Toronto has served for several years as Research Coordinator for the Group of Twenty-Four Developing Countries, and he had organized the Group of Twenty-Four conference that was held in Cartagena, Colombia, in April 1994. Professor Peter B. Kenen of Princeton University had helped organize the Institute for International Economics conference held in Washington in May 1994, and he served as a member of the Commission on the Future of the Bretton Woods Institutions. Moisés Naím, Senior Associate of the Carnegie Endowment for International Peace, had been a featured speaker at both these conferences and a background contributor to the Commission’s report, and brought the perspective of a former trade minister and Executive Director of the World Bank for Venezuela. Chairing the session was Abdlatif Y. Al-Hamad, the Director General and Chairman of the Board of Directors of the Arab Fund for Economic and Social Development (Kuwait), who had served as Chairman of the Boards of Governors of the World Bank and the Fund in 1982.
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