Trade Helped Developing countries cut poverty- Lamy

The global trading system has helped developing countries fight poverty by preventing the rise of protectionism in the financial crisis, the head of the World Trade Organisation said on Wednesday last week.

WTO Director-General Pascal Lamy said it was striking that emerging economies were now the most vociferous in calling for conclusion of the Doha round to open up world trade, as they stand to benefit further from a rewriting of global trade rules.

Lamy was speaking a week before the United Nations reviews progress on slashing world poverty through a system of targets known as the Millennium Development Goals.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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