Addressing the virtual World Economic Forum, on Monday, the United Nations' Secretary-General, António Guterres, told world and business leaders that "global solidarity is missing in action". Global financial overhaulThe second area in need of urgent action is the global financial system. "We need to reform the global financial system, so it works for all countries", Mr Guterres explained. For him, "the global financial system has failed them when they need it most." For him, the alliance "has set the gold standard", and "the entire the financial system should follow their lead."

Source: The North Africa Journal January 18, 2022 11:35 UTC