World needs new monetary and financial system for sustainable development era, new UNCTAD report argues

06 October 2015

UNCTAD's Trade and Development Report 2015, launched today, calls for radical reform of the international monetary and financial system to meet the demands of the new sustainable development era.

The Trade and Development Report 2015: Making the international financial architecture work for development reviews recent trends in the global economy and focuses on ways to reform the international financial architecture.

The report suggests ways to avert the threat of "secular stagnation" in developed economies with measures on both the demand and supply side, as well as proposing global measures to discourage the proliferation of speculative financial flows, reign in financial behemoths and establish a sovereign debt workout mechanism.

The report calls for a bolder economic policy agenda that will serve the needs of both developed and developing countries by reviving the global economy, regaining financial stability and promoting productive investment.

Press Releases:
As volatile financial markets create rumblings in developing countries, UNCTAD report calls for fresh policy thinking
Rich countries need to boost demand if global slowdown to be avoided, UNCTAD report argues
Bolder financial regulation and a more stable, diversified international monetary system needed to get a grip on globalized finance, UNCTAD report says
Global economy needs fair and efficient sovereign debt workout mechanism – sooner rather than later, UNCTAD report says
Investing long-term needs right kind of financing vehicles – UNCTAD calls for greater support for development banks
Trade and Development Report 2015: supporting data