CALL TO ACTION

The Bridgetown Initiative is a call for urgent and decisive action to reform the international financial architecture (IFA).

BBW has been a member and active contributor to the Bridgetown Initiative since its launch in July 2022.

The IFA was designed at a time when most of today’s member states were not independent and when climate risks or social inequalities, including gender equality, were not considered pre-eminent development challenges, and it already had structural deficiencies at the time of its conception. These have become increasingly at odds with the reality and needs of the world today, making the IFA entirely unfit for purpose in a world characterized by unrelenting climate change, increasing systemic risks, extreme inequality, highly integrated financial markets vulnerable to cross-border contagion, and dramatic demographics, technological, economic, and geopolitical changes.

The Bridgetown Initiative is named for the capital city of Barbados, where the initiative originates. While Barbados continues to play a leading role, it is not an initiative of Barbados alone, but rather a coalition of partners in a movement for global change.