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Adam Lerrick, Jessica Einhorn, Thomas C. Dawson II, and Sheila Meehan

With the Asian crisis receding, the world is beginning to shift gears—absorbing the lessons of a volatile decade and taking up again the task of creating a more stable world economy. The U.S.-based Bretton Woods Committee used its annual meeting on June 9 to assess the daunting challenges facing the Bretton Woods institutions and the world economy as the new millennium approaches. Members of the committee heard from prominent U.S. congressional leaders and Dwayne Andreas of Archer Daniels Midland Company; from the heads of the IMF, the World Bank, and the International Finance Corporation, and from Robert Rubin, outgoing U.S. Secretary of the Treasury, who delivered the keynote address. The meeting also featured a panel discussion on the merits of IMF financing from private markets.