Events during Spring meetings

Rethinking Bretton Woods | Tue, Apr 5, 2011

At the upcoming Spring meetings of the World Bank/ IMF, the Rethinking Bretton Woods Project of the Center of Concern is involved in the following events:

On April 13, the International Working Group on Trade-Finance Linkages, the Heinrich Boell Foundation and Institute for Agriculture and Trade Policy cosponsor "The Regulation of Excessive Speculation in Commodity Markets: What is at Stake?”  A discussion of current initiatives to regulate excessive speculation in agricultural and energy commodities, particularly in the vast and still unregulated over-the-counter (OTC) market. This is a key topic on the agenda of the Group of 20 financial ministers’ meeting, April 14–15 in Washington.   In a March 22 speech in Brussels, U.S. Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler noted that unregulated OTC commodity and financial derivatives were major factors in the 2008 near collapse of the financial system and remain a danger to the global economy. He stated, “Effective reform cannot be accomplished by one nation alone. It will require an international response.”  This meeting (not sponsored by or affiliated with the CFTC) is dedicated to the fulfillment of that proposition.  

On April 15, the International Working Group on Trade-Finance Linkages and Institute for Agriculture and Trade Policy cosponsor: “Commodity Market (de)Regulation: Development Consequences and Prospects”

This session will discuss some of the key policy struggles in the U.S. and EU legislation to regulate the ‘over the counter’ derivatives market and how regulation might prevent the excessive speculation portion of commodity price volatility. Panelists will discuss how commodity market price volatility has affected imported food and energy bills, and commodity export revenues in developing countries. The panel will also consider if and how U.S. and EU regulatory reform can be multi-lateralized to improve developing country capacity to manage commodity price risks. If this is not possible, then what developing country policies are needed to reduce import bills and enhance export revenues?

  • Download more information, including full program.On April 16, the Friedrich-Ebert-Stiftung, Club de Madrid and Center of Concern present "How to Promote Equitable Development and Shared Societies"

This discussion will feature Kim Campbell, former Prime Minister of Canada, who presents an introduction to the concept of "Shared Societies."  She will be followed by P.J. Patterson, Jamaican Prime Minister from 1992-2006, whose recent work in Haiti--combined with his long experience in Jamaica--has shaped his views on how the international community can help to create more equitable societies.  Samir Radwan, the Finance Minister for Egypt's new transitional government, will draw upon his long experience working in the International Labour Organization (ILO) to close the evening's keynotes with his perspective on how the Arab World can rise to the challenge to create democratic and equitable societies.