Prime Minister Mia Mottley is seeking support for a Bridgetown Agenda that Barbados has created to encourage reform of the Bretton Woods system, as she urged world leaders to remove the barriers to accessing financial assistance from multilateral development banks.She also issued a stern warning to world leaders to honour their climate agreements, as she addressed the General Debate of the 77th United Nations General Assembly at the UN headquarters in New York.Mottley, who has been very vocal over the years in calling for a revamp of multilateral institutions, spoke extensively about the need to reform the aging global financial architecture to better reflect today’s realities, including making it easier for climate-stricken countries to access capital.She contended that the Bretton Woods Agreement that gave rise to the World Bank and the International Monetary Fund (IMF) “no longer serve the purpose in the 21st century that they served in the 20th century”.
