Mohamed El-Erian, Chief Economic Advisor at Allianz and Chair of the President’s Global Development Council, speaks during the 31st Annual Meeting of the Bretton Woods Committee at the World Bank Headquarters in Washington, District of Columbia, U.S., on Wednesday, May 21, 2014. The goal of the meeting is to spur a dialogue among leaders and experts across business and civil society to consider the value and changing nature of multilateralism in an age of austerity. Photographer: Pete Marovich/Bloomberg