Wednesday, September 12, 2007

South Centre organizes seminar on Debt and Trade: Making Linkages for the Promotion of Development

South Centre, UNCTAD, the Center of Concern/CIDSE and the Equatorial Guinea Investment Group co-organized a seminar on "Debt and Trade: Making Linkages for the Promotion of Development" at Palais des Nations, Geneva on 13 - 14 September 2007.

Dr. Yash Tandon, Executive Director, South Centre gave the opening address and highlighted that the problem of large debt overhangs in developing countries is highly complex and interdependent. Debt can be, and often is, in many developing countries, a major constraint to the development of domestic production and international trade capacity, and a poor trade performance contributes to the debt burden.

Aldo Caliari from Center of Concern/CIDSE noted that trade and debt are interrelated, but the division of labor between international organizations makes it difficult to address them together in a holistic manner.

Barry Herman one of the keynote speaker illustrated the global political linkages between trade and development. He noted that linkages between trade and debt can be made in a way that can either reduce or expand policy space for development for developing countries.

Click here to read the Day 1 and Day 2 of South Face produced during the event.

Delegations from Argentina, Benin, Mauritius, Sao Tome and Senegal were present in the seminar along with officials from international organizations including G-24, IMF, UNCTAD, Commonwealth Secretariat, UN-DESA and Eurodad.

The detailed program of the event is available online at the South Centre Website at:

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