Ferid Belhaj of the World Bank to Speak

Ferid Belhaj will present a special lecture at Sarah Lawrence College titled "The World Bank in a Time of Global Financial Crisis" on Wednesday, March 11, at 6:30 p.m. in the Heimbold Auditorium. Belhaj is the Special Representative of the World Bank to the United Nations. This event, sponsored by the Westchester Chapter of the United Nations Association of the USA and cosponsored by Sarah Lawrence College, is free and open to the public. For more information please call (914) 395-2412 or e-mail collegeevents@sarahlawrence.edu.

Belhaj will discuss the World Bank and the International Monetary Fund (the "Bretton Woods Institutions") and how their roles have evolved in response to changing conditions since their creation following World War II. The World Bank, which is not technically a bank, moved from its original task of postwar reconstruction to the promotion of Third World development projects and then broadened its role to include private-sector support and dispute arbitration.

With the financial crisis now confronting developed and developing countries alike, the role of the Bretton Woods Institutions is under scrutiny and likely to be re-invented once again.

Belhaj joined the World Bank as a member of its Legal Department in 1996 and served as the Country Manager for Morocco before moving on to represent the Bank at the United Nations headquarters in New York. He will discuss both the legal foundations of the Bretton Woods Institutions and how these are manifested in their day-to-day operations.