Remarks by Under Secretary for International Affairs Jay Shambaugh on the Essential Role of the International Financial Institutions for the Global and U.S. Economies

As Prepared for Delivery Thank you, Josh, for your kind introduction, and to the Atlantic Council for having me. It is a pleasure to be here today.In ten days, we’re going to have nearly the entire global financial policymaking apparatus descend on Washington, D.C. for the IMF and World Bank Annual Meetings. Gatherings like these are a good reminder of the various times policymakers have come together for a big cause. And, while international economic policy can be a contentious space, allow me to start with something we can all agree on: it’s important to remember your anniversary.The anniversary I’d like us to remember today is of a previous gathering of finance ministers and financial policymakers: the anniversary of Bretton Woods.