A new article in the World Bank’s 1818 Society Quarterly by Frank Vogl sees similarities between the political circumstances of today and the 1980s. A newly inaugurated Reagan administration was intent on cutting government spending, partially at the cost of the BWIs. Various meetings between Treasury officials and World Bank officials at this time ultimately led to the creation of the Bretton Woods Committee. Although these years were uneasy for the BWIs, and the World Bank especially, funding for IDA was ultimately secured. 

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All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.