Global Financial Architecture Has Failed Mission to Provide Developing Countries with Safety Net, Secretary-General Tells Summit, Calling for Urgent Reforms | Meetings Coverage and Press Releases
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Many African countries now spend more on debt repayments than on health care Today, 52 countries are in default or dangerously close to it. This includes the majority of least developed countries, as well as the majority of the 50 countries most vulnerable to climate change. Dozens of other nations
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- Many African countries now spend more on debt repayments than on health care
- Today, 52 countries are in default or dangerously close to it. This includes the majority of least developed countries, as well as the majority of the 50 countries most vulnerable to climate change. Dozens of other nations are at risk of joining them
- the global financial architecture is outdated, dysfunctional, and unjust. It is no longer capable of meeting the needs of the twenty-first century world:
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