Dodd-Frank’s perverse consequences for the DRC

Lauren Wolfe’s Foreign Policy article “How Dodd-Frank is Failing Congo” is a must-read.  Here’s Rosa’s contribution:

Rosa Whitaker, a former negotiator at the World Trade Organization (WTO) and assistant U.S. trade representative for Africa, says that countries that are economically impacted by Dodd-Frank are considering bringing a suit against the United States through the WTO on the grounds that Section 1502 is against its rules of trade. Whitaker added that meddling with such a massive source of income for the decrepit Congolese economy is more than an economic gamble — it is an ethical lapse. “I think a lot of the NGOs really have to examine their own humanity,” she said.