The Russia-Ukraine conflict is aggravating a food, energy and financial crisis across Africa, the United Nations (UN) Secretary-General Antonio Guterres said on Sunday during a visit to Senegal. This war aggravates a triple crisis: food, energy, and financial, for the region and beyond. That’s why I have created the Global Crisis Response Group on food, energy and finance, which mobilizes the United Nations, UN agencies, development banks and other International organizations,” he said. Guterres repeated his call for urgent reforms of a “morally bankrupt” global financial system which is skewed in favor of rich nations at the expense of the developing world. “I have said several times that we need a reform of a global financial system that is morally bankrupt.

Source: Ethiopian News May 02, 2022 14:07 UTC