Good morning to both of you—two people from my hometown—and thank you very much for coming today. I'm very happy to have you both here today.
I believe I only have time for one question, so I'll ask this question to Professor Momani.
I want to talk about Bretton Woods, and the IMF specifically. As you know, Bretton Woods was established to increase the liberal economic international order. We also know of the formation of the World Bank and the IMF.
One of the key principles that emerged from that agreement was that we would reduce the concept of beggar-thy-neighbour, and that became a very important concept in making sure there was an increase in free trade. We had comments made yesterday by Christine Lagarde, who has said that restricting trade would be a self-inflicted wound.
With the the American administration now, especially with President Trump's sort of movement towards recusing himself from certain world institutions, and also having people on his Treasury team who are not huge supporters of the IMF, how are we going to maintain this liberal international order if the U.S. is not necessarily in favour of the IMF? How is that relationship going to produce a global relationship?
Could you give us your commentary on that?