INTA 4XXX Lecture Notes - Saba News Agency, Commodity Market, United Nations Conference On Trade And Development
Document Summary
Republic of yemen general assembly second committee (economic and financial) Topic a: excessive international financial market speculations and extreme price volatility of food and related commodity markets. The republic of yemen, as a country whose economy is heavily reliant on the commodity market (most notably oil), recognizes the issues that have arisen relatively recently in the commodity market. The uncertainty surrounding commodities such as oil has led yemen to make a concerted effort to diversify its economy. This effort received support from the international monetary. Fund in 2006 in the form of million in order to spur economic diversification. 1although this was a step in the right direction, Yemen acknowledges that there is still a serious need in the international community for long-term solutions to price volatility in the commodity derivatives market. These solutions will require international cooperation if they are to be effective for years to come.