UN backs financial system reform

By Agence France-Presse

Nov 09, 2023 12:20 am

GENEVA, Switzerland: The United Nations called on Tuesday for a significant overhaul of the global financial system to help the world's poorest countries and their struggle to fill 'enormous financial gaps.'

A report from the United Nations Conference on Trade, Investment and Development (Unctad) highlighted how multiple crises, from the Covid pandemic to soaring inflation and declining foreign direct investment have hit poorer countries particularly hard.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Meta plans to invest $60-B or more in AI this year

WTO chief warns of tit-for-tat tariffs

SG central bank eases its monetary policy

Mitsubishi mulls foregoing Nissan-Honda merger

Bank of Japan hikes interest rate

Boeing warns Q4 loss bigger than expected

CNN eyes 200 job cuts