South Africa's Mboweni Focused on Regaining Investment Grade Rating

The video discusses the importance of regaining an investment grade debt rating, emphasizing policy certainty, action on state-owned enterprises, and fiscal responsibility. It highlights the need for economic restructuring to ignite growth. The conversation shifts to global trade, advocating for a rules-based multilateral system and the end of protectionism. The video also addresses the need for WTO reforms to adapt to changes in the global economy, such as the rise of the digital and services sectors.

What is identified as the top priority for regaining an investment-grade credit rating?

• Establishing policy certainty and credibility

• Increasing foreign investments

• Improving infrastructure

• Expanding the tourism sector

Which action is NOT mentioned as necessary for recovering the investment-grade credit rating?

• Demonstrating action around state-owned enterprises

• Reducing the accumulating debt

• Increasing the national budget

• Restructuring the economy

What is the general sentiment towards protectionism in the trade discussions?

• Protectionism is irrelevant to global trade

• Protectionism is outdated and should be replaced by openness

• Protectionism should be increased to protect local industries

• Protectionism is necessary for economic growth

What is the stance on the reform of the World Trade Organization?

• The WTO should focus only on tariffs

• The WTO needs to adapt to current global changes

• The WTO should remain unchanged

• The WTO should be dissolved

Why is it important to review global trade institutions periodically?

• To reduce their influence on global trade

• To increase their power over national governments

• To make them more bureaucratic

• To maintain their relevance in changing times