Harnessing remittances and diasporas for development was the topic of the latest Vi capacity development opportunity for core Nepalese member, Mid-western University (MWU). Held November 2-4, the workshop attracted 36 participants from MWU, civil society and mass media.
“Nepal ranks third in the world in terms of its dependence on remittances from nationals working abroad,” said Vi Chief, Vlasta Macku. “In view of the importance of the topic for the country, the Vi granted the request from Mid-Western University to organize this national professional development workshop for its students and lecturers, as well as other stakeholders.”
The Institut Panafricain pour le Développement - Afrique Centrale (IPD-AC) joined the Virtual Institute today, bringing the number of affiliate university members to 47. The idea of membership was first raised during a meeting with IPD-AC's director, Romuald Pial Mezala, early October.
Created in 1965 and based in Douala, IPD-AC's mission is to support development efforts of African countries by strengthening the capacity of relevant decision-makers and institutions in the region through education/training, research and advisory services.
The Vi videoconference on the 2015 Trade and Development Report for Colombian core member, Universidad EAFIT, reached an audience of 84 students and professors October 20. Forty-three of the participants, from Vi affiliate members, Universidad EAN and Universidad de la Salle, joined the videoconference via webcast.
According to this year’s TDR, the lack of dynamism of the aggregate demand at the international level and of reform of the international financial system impedes the global economy to grow at higher rates and regain its pre-crisis momentum.
“The current international financial architecture does not promote economic development,” said TDR team leader, UNCTAD’s Alfredo Calcagno.
“Speculative capital flows fuel financial asset bubbles, excessive credit, currency appreciation in countries receiving large capital inflows, and a current account deficit that in turn creates uncertainties eventually leading to capital outflows,” he added.
The Virtual Institute, with support from the Governement of Finland, granted a six-week reseach fellowship at UNCTAD to Adama Sow Badji, lecturer and researcher at Senegalese core member, Université Cheikh Anta Diop, September 14 to October 23. Sow Badji is the 11th researcher from Senegal to receive a Vi fellowship since 2006, when the Vi began to offer this capacity-building service.
"The fellowship at the Virtual Institute has enhanced my knowledge on issues related to trade, particularly on various standards and tariff barriers that countries put in place to reduce imports (exports of partner countries) ," she reported at the end of her stay. "This will allow me as a researcher economist to deepen my research in the field, and suggest recommendations to policymakers in order to improve competitiveness."
The fourth Virtual Institute study visit for Colombian affiliate member, Universidad Sergio Arboleda, brought 15 Master's in International Trade students to UNCTAD October 19. The day’s sessions examined the latest Trade and Development Report (TDR), trade in services in Colombia and the international investment regime.
The session on the TDR, presented by Alex Izurieta, of UNCTAD's Division on Globalization and Development Strategies, began with an overview of the current global economic situation.
“The crisis has not been overcome yet and a risk of prolonged stagnation remains,” Izurieta said.