Sri Lanka's Cabraal on standards, codes and rules

In the speech 'Standards, codes and rules - Friend or foe of poor nations?' given on 12 September Ajith Nivard Cabraal of the Central Bank of Sri Lanka said many low-income countries, despite their potential to grow are functioning in an "international environment" that is "controlling" almost all economic activities.

"Accordingly, they are seriously constrained by these stringent benchmarks, however wonderful they may be, which from a rapid development point of view, poses serious and continuous

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