UN Secretary-General Antonio Guterres has criticized the international financial system as outdated, dysfunctional, and unfair. In a video message to the inaugural meeting of the Preparatory Committee for the Fourth International Conference on Financing for Development, which began in Addis Ababa, Ethiopia, yesterday, Guterres highlighted the conference as a unique opportunity to address financing challenges.
He urged for reform of the international financial system. The conference is scheduled to be held in Spain from June 30 to July 3 next year.
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