Since the World Bank and the International Monetary Fund were launched at Bretton Woods more than 50 years ago, and the regional development banks in subsequent decades, the world economy has changed in important respects. In considering the role of international financial institutions (IFIs),...

Economist Nicholas Stern evaluates the economic future, and the essential steps we must take to protect growth and reduce poverty while managing climate change. The future Stern outlines is optimistic and pragmatic; he believes we have the capacity and creativity to change. But we need the will...