Havana Letter

Definition

The Havana Letter refers to a document or communication that outlines principles or agreements related to the global economic system, particularly in the context of the Bretton Woods Institutions. It emphasizes cooperation among nations to ensure stable and equitable international economic relations.

Related terms

Bretton Woods Institutions: These are financial institutions created during the Bretton Woods Conference in 1944, including the International Monetary Fund (IMF) and the World Bank, aimed at overseeing the international monetary system and promoting economic stability.

International Monetary System: A set of agreed-upon rules and conventions that govern international trade, capital flows, and exchange rates among countries, facilitating global economic cooperation.

Economic Cooperation: A broad concept involving countries working together to address shared economic challenges, promote trade, stabilize currencies, and achieve sustainable growth through various forms of agreements and policies