UN Secretary-General Guterres: There is a real risk of fragmentation in the global economic and financial system

António Guterres, the ninth Secretary-General of the United Nations (UN), said on Thursday that there is a real risk of fragmentation in the global economic and financial system.

The world is divided on artificial intelligence strategies and conflicts in security frameworks.

Developed countries must deliver on their climate commitments to developing countries.

Effective debt resolution mechanisms need to be in place to support payment suspensions, loan maturity extensions, and lower interest rates.

The need to reallocate $100 billion of unused SDRs through multilateral development banks to increase liquidity.

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