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B

Term Definition
Bretton Woods Committee

An elite group of global actors, including former heads of state, that meet to develop international economic governance strategies. Of particular interest to the Committee is the continuation of close relationships between US federal policies and World Bank/ International Monetary Fund priorities.

BRIC

BRIC stands for Brazil, Russia, India and China. The acronym represents the combined and progressive economic clout of the BRIC economies on the world stage.

Brookings Institute

The Brookings Institute is an extremely significant American-based foreign policy think-tank, engaging in foreign relations work, international governance strategies, and national and multilateral economic/political research. The Brookings official start-year was 1927, although its history can be traced to the 1916 Institute for Government Research.

Brundtland Commission

Named after Norwegian Prime Minister Gro Harlem Brudtland, the Brundtland Commission – officially known as the World Commission on Environment and Development – produced the landmark 1987 report, Our Common Future. The work of the Brundtland Commission was instrumental in developing a roadmap for global environmental governance, and popularized the idea of “sustainable development.”

BSP

The BSP – Bangko Sentral ng Pilipinas – is the central bank for the Philippines. As an autonomous institution, BSP is charged with tasks such as monetary policy setting, issuing of national currency, and the management of foreign reserves. BSP is a shareholding member of the Bank for International Settlements.

BTA

Border tax adjustment 

Bulgarian National Bank

Bulgaria’s central bank: a shareholding member of the Bank for International Settlements.

Business Roundtable

The Business Roundtable is a United States-based Chief Executive organization with a membership comprised from America’s largest corporations. It advocates global trade policies and international economic/investment programs.

BWC

The Better World Campaign (BWC) is a project instituted by the Better World Fund to develop deeper cooperative ties between the US government and the United Nations, especially as it relates to supporting UN funding and empowerment programs.

BWF

The Better World Fund (BWF) is a sister organization of the United Nations Foundation, the body responsible for overseeing Ted Turner’s 1997 $1 billion gift to the United Nations. The BWF exists for one purpose: to build and strengthen the goals and objectives of the United Nations.

BWS

The Better World Society (BWS) is an earlier group founded by Ted Turner to support the United Nations stride towards a global environmental governance platform.

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