Monthly Archives: October 2018

CSOs Demand a Complete Overhaul of the ISDS System

By CSOs | Letter | October 30, 2018

More than 300 civil society groups and trade unions from 73 countries – including Madhyam – have urged governments participating in United Nations meetings in Vienna this week to completely overhaul the controversial Investor-State Dispute Settlement (ISDS) system contained within many international trade and investment agreements. Released on October 30, their public letter is addressed to member governments attending meetings of the UN Commission on International Trade Law (UNCITRAL), which provides one set of rules under which many ISDS…

The IMF Needs to be More Flexible about Capital Controls

By Kavaljit Singh | Letter (FT) | October 18, 2018

Nor Shamsiah Mohd Yunus, central bank governor of Malaysia, rightly warns against the deeply-rooted stigma attached to capital controls that can be helpful in pre-empting financial crises (“Malaysia backs option of capital controls”, October 17). As many emerging market economies in Asia and elsewhere are currently grappling with the challenges posed by volatile capital flows (large capital inflows followed by abrupt reversals), it is high time for the IMF to revisit its 2012 Institutional View that endorses capital controls as a…