Ban Calls for Less Trade Barriers, More Financial System Reforms

    United Nations Secretary-General Ban Ki-moon urged the international community during a high-level dialogue on development finance to reduce international trade barriers and reform the existing global financial system in accordance with the development objectives set during the Doha round of World Trade Organization negotiations.

    “We need better mechanisms to coordinate economic policy with representative, accountable and equitable governance,” Ban told participants of the New York meeting.

    He added that reforms should be “ambitious and timely” and increase the role of the developing world.

    Ban also called for a binding agreement on climate change, which he said is necessary to help poorer nations shift to green economies.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.