The Intergovernmental Group of Twenty Four, or G-24, is hosting a seminar in Washington, D.C. next week titled “Capital Flow Management and the Trading System” that will feature a presentation and discussion of the Pardee Center Task Force Report, Capital Account Regulations and the Trading System: A Compatibility Review.
Pardee Center Faculty Fellow Kevin Gallagher, who co-chaired the Pardee Task Force that produced the report and co-authored the executive summary, will present the report’s findings during the Oct. 28 session to be held at the headquarters of the International Monetary Fund (IMF). Task Force members and report contributors Annamaria Viterbo and Sarah Anderson also will take part in the presentation. Discussion leaders will be Sean Hagan, IMF General Counsel and Director of the Legal Department, and Hector Torres, IMF Alternate Executive Director (Argentina), who also was a Pardee Task Force member and contributor to the report.
The G-24 is hosting the seminar “to discuss the findings of the review and the implications for G-24 countries.”
According to its website, “the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24) was established in 1971. The purpose of the group is to coordinate the position of developing countries on monetary and development issues, particularly issues on the agendas of the International Monetary and Financial Committee (IMFC) and the Development Committee (DC), and to ensure increased representation and participation of developing countries in negotiations on the reform of the international monetary system.”
The March 2013 report is the second publication of the Pardee Center Task Force on Regulating Capital Flows, and builds on the Task Force´s first report published in March 2012. The more recent report is the outcome of a workshop the Pardee Center co-sponsored in June 2012 in Buenos Aires, Argentina with the Center for the Study of State and Society (CEDES) in Argentina and the Global Development and Environment Institute (GDAE) at Tufts University. The workshop brought together experts who looked specifically at the relationship between global financial regulations and the global trading system.