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The creation of these organizations was a crucial milestone in the evolution of the international financial architecture, and some economists consider it the most significant achievement of multilateral cooperation following World War II.
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NO LEADERSHIP OVER FOUR YEARS HAVE PASSED since the conclusion of the Uruguay Round of multilateral trade negotiations, and there is still an unwarranted sense of achievement among international trade officials.
A crowded calendar of multilateral talkfests looms.
It could thus become an example of multilateral humanitarianism.
Obama is an unabashed fan of multilateral institutions.
Trump, with his chauvinistic rhetoric, his opposition to multilateral trade deals, and his casual denigration of multilateral organizations like the European Union and NATO, represents a threat to that system.
The creation of the World Trade Organization Group of 20 transformed the pattern of multilateral trade negotiations for good.
"I stressed the importance of multilateral agreements in controlling levels of armaments," Mr. Védrine said.
Economic nationalism is strong; the bashing of multilateral lenders is a hobby of the chattering classes.
Mr. Obama negotiated a much tougher regime of multilateral economic sanctions on Iran.
For decades, Japan has been a pillar of multilateral institutions devoted to easing trade barriers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com