Wednesday, May 9, 2007

Global financial reforms inadequate - S.Africa finmin

(Reuters) - Global economic governance and reform of international financial structures remain inadequate to foster growth and reduce poverty in developing countries, South Africa's Finance Minister Trevor Manuel said on Tuesday.

Speaking at a function to honor outstanding local economists, Manuel said the development of new standards in emerging market economies in the wake of the Asian crisis had benefited the international financial system and strengthened national regulatory functions.


Read more at Reuters Africa

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