Is Bretton Woods fit for the 21st century?

Probably the best way to increase global funding is to raise the capital of the global multilateral development banks like the World Bank, Asia Development Bank, etc.

IN July 1944, delegates from 44 countries gathered in the United Nations (UN)-sponsored Conference in Bretton Woods, New Hampshire to decide on a post-World War II monetary and financial order.

In its closing speech, then US Treasury Secretary Henry Morgenthau concluded that the conference succeeded in addressing the twin “economic evils — the competitive currency devaluation and destructive impediments to trade” that led to the war.