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8th GHANA INTERNATIONAL TRADE AND FINANCE CONFERENCE – GITFiC 2024

8TH GHANA INTERNATIONAL TRADE & FINANCE CONFERENCE

Theme: A Call for a New Global Financing Pact: Collaborative Pathways to Economic Resilience and Global Prosperity

INTRODUCTION:

In an interconnected world where the ripple effects of economic decisions in one country can be felt thousands of miles away, the need for a cohesive and collaborative approach to global financing has never been more evident. The complexities of the modern Global Economy, exacerbated by challenges such as Climate Change, Pandemics, and Geopolitical Tensions, necessitate a paradigm shift in how nations perceive and engage with financial systems. The 8th Ghana International Trade and Finance Conference explores the imperatives for a new Global Financing Pact and delineates collaborative pathways that can pave the way for economic resilience and global prosperity. The call for a new Global Financing Pact (GFP) emerges as a response to these challenges, aiming to foster collaboration among nations and institutions to ensure economic resilience and promote global prosperity.

Historically, the global financial architecture has been characterized by fragmented initiatives, dominated by a few powerful nations or institutions. While such systems have facilitated growth in many regions, they have also perpetuated inequalities, exacerbated vulnerabilities, and limited the capacity of smaller economies to navigate turbulent economic waters independently. The 2008 financial crisis and subsequent economic downturns have highlighted the systemic risks associated with uncoordinated financial policies, underscoring the urgency for a more integrated and collaborative approach.

Expected Outcomes of the 8th GITFiC on a Call for a Global Debt Initiative

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