Sixty years after the Bretton Woods conference established the International Monetary Fund and the World Bank, the twin institutions have arguably outlived their usefulness. However, many experts say it is too early to write them off.

In their approaches to the global economy, the international financial system and the financial markets, the two Washington-based United Nations agencies have proved highly flexible, and the experts say the likelihood is that they will continue to adapt in the years ahead, proving their continuing relevance in the process.