international organizations may no longer be fit for purpose

Former Canadian Prime Minister Justin Trudeau said on CNBC: LIVE COMBINATION International financial institutions are “extraordinarily ill-adjusted” to respond to today’s challenges, it was said in Singapore on Thursday.

“When you look at different parts of the world, you may realize that these institutions, whether it’s the WTO or the IMF or something else, are not fit for purpose in these decades,” Trudeau told CNBC’s Mandy Drury.

This is breaking news and will be updated shortly.