UN leaders urge ‘wholesale reform’ of global financial architecture

UN leaders urge ‘wholesale reform’ of global financial architecture

Addressing a high-level meeting of the General Assembly on debt sustainability, António Guterres outlined the crippling impact of debt on developing economies. “No example of the international financial architecture’s failure is more glaring than its handling of debt. The last four years have been nothing short of a debt disaster,” he said. He noted that…

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