UN chief calls for accelerating the reform of the international outdated, ineffective and unfair financial architecture

UN chief calls for accelerating the reform of the international outdated, ineffective and unfair financial architecture “I am grateful to participate in the 16th BRIC Summit. Collectively, your countries represent nearly half of the world’s population. And I salute your valuable commitment and support for multilateralism and international problem solving as clearly reflected in your team this year... It takes a community of nations working as one global family to address global challenges,“ United Nations Secretary-General Antonio Guterres said at the final meeting of the BRICS summit in the BRICS and outreach format in Russia’s Kazan. According to him, today’s international financial system does not provide many vulnerable countries with the safety net or level of support they need. Guterres also stressed the need for strengthening and updating the machinery of peace, as well as addressing the weaponization of outer space and use of lethal autonomous weapons. Source: Geopolitics Live