It's time for a new Bretton Woods

Free and fair global markets require shared values, says Yellen

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US Treasury Secretary Janet Yellen did something important and, for the most part, under-reported last week. She relinked trade to values.

In an address at the Atlantic Council in Washington, she called for a new Bretton Woods framework and a revamp of the International Monetary Fund and World Bank institutions, both of which are holding their annual meetings this week.

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A version of this article appeared in the print edition of The Straits Times on April 20, 2022, with the headline It's time for a new Bretton Woods. Subscribe