UN Member States Adopt Declaration for International Financial System Reform: What Does it Mean and How Will it Benefit Poor Countries?

2023-09-19 20:41:10

Published on: 09/19/2023 – 10:41 p.m. Modified on: 09/19/2023 – 10:47 p.m.

05:28 UN Secretary General Antonio Guterres speaks at the opening of the 78th United Nations General Assembly in New York, September 19, 2023. © reuters

UN member states have adopted a declaration to support reform of the international financial system. The UN Secretary General defends it because, he says, the current financial system is obsolete and unfair. Unfair for poor countries that cannot finance the infrastructure necessary to achieve the Sustainable Development Goals. What reform? We’ll answer you.

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