NEWSLETTER ISSUE #1/2015
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UNCTAD Virtual Institute presentation
The UNCTAD Virtual Institute conducted a presentation for members of the TRADE team via video conference on the 2015 Trade and Development Report, titled 'Making the International Financial Architecture Work for Trade and Development'. The report, which is available from UNCTAD, was presented by a co-author, Alex Izurieta. Mr Izurieta emphasised that stability had not returned to the global financial system after the crisis of 2008/2009, and that both the developed world and developing world are still, in varying degrees, experiencing the fallout from those torrid times. Among the urgent requirements, in the authors’ opinion, are a more innovative debt restructuring mechanism and stronger and more responsible oversight. TRADE team members used this opportunity to ask questions about some of the implications of the report’s findings, particularly for South Africa.
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