Canada’s former Prime Minister Justin Trudeau said at CNBC’s CONVERGE LIVE in Singapore Thursday that international financial institutions were “spectacularly ill-adjusted” to respond to modern day issues.
“You can look to different places around the world to realize that those institutions, whether it was the WTO or the IMF or what have you, aren’t necessarily fit for purpose in our decades now,” Trudeau told CNBC’s Mandy Drury.
Trudeau called out “great powers,” naming the U.S., China, Russia, India, saying they could “opt in or opt out of pieces of the rules based order.”
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