Seasoned observers of international politics and economics don’t need to be told that the system is in turmoil. That fact is broadcast from every available screen. From the rise in gold prices to the collapse of international aid allocations, there are shockwaves pulsing through the world at ever-increasing velocity.

Former UN deputy secretary general Mark Malloch Brown is one of those figures who sees a way forward for key international institutions that appear bound to be sidelined by recent developments. The British former diplomat’s starting point is rejuvenating the organisations that emerged after the Second World War, in particular the International Monetary Fund and the World Bank.

These two bodies and their ancillaries can trace their roots to a meeting held in 1944 in Bretton Woods, in the

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