Dangor said the US argument that if one G20 member was absent from the leaders summit, then there could be no consensus, had been voted down
Director general Ngozi Okonjo-Iweala said South Africa’s G20 presidency highlighted the importance of trade within WTO rules and reforming the system through local mineral beneficiation
Presidency spokesperson Vincent Magwenya said countries understood ‘that there’s a bilateral issue between South Africa and the US, but that must not, in any shape or form, undermine or imperil the work of the G20’
In an apparent reference to US President Donald Trump’s absence, Ramaphosa warned against allowing ‘anything to diminish the value, the stature or the impact of the first African G20 presidency’
The panel, chaired by Nobel prize-winner economist Joseph Stiglitz, will produce recommendations to help bridge the rich-poor divide
East Asia 1998, Greece 2008, Argentina 2018. The fund knows the suffering its loans cause, yet it has gone ahead in Ecuador
Multinational companies have been gaming the rules of the global economy to minimise their tax liability — or even eliminate it
Tax avoidance hits developing countries hard because companies’ declared profits are more sensitive to tax rates than in developed countries.
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/ 28 October 2011
The major economic entities are in the throes of self-inflicted, but apparently insoluble, problems as they lurch their way to stagnation.
The International Monetary Fund has consistently failed to do its job. Whether or not Gordon Brown takes over, it needs major reform.