{"id":48104,"date":"2023-08-25T17:41:42","date_gmt":"2023-08-25T17:41:42","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/un-chief-urges-global-financial-architecture-reform-at-brics-summit"},"modified":"2023-08-25T18:31:38","modified_gmt":"2023-08-25T18:31:38","slug":"un-chief-urges-global-financial-architecture-reform-at-brics-summit","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/un-chief-urges-global-financial-architecture-reform-at-brics-summit","title":{"rendered":"UN chief urges global financial architecture reform at BRICS Summit"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The UN chief called Thursday (Aug. 24) the global financial structure ‘outdated, dysfunctional and unjust.’<\/b><\/p>\n

Antonio Guterers said the “pandemic [had] underscored once again” the system’s flaws.<\/p>\n

“[The financial system] has failed in its basic function as a global safety net. And so, it needs deep structural reform,” he added.<\/p>\n

As he urged for a reform at the BRICS summit in Johannesburg, Guterres also stressed the importance of a U.N. charter and international law-based multi’lateralism.<\/p>\n

“We are entering a multipolar world. But history has shown, time and again, that multipolarity without strong multilateral institutions is no guarantee for stability. It might even become a catalyst for chaos. So, we must urgently restore trust and reinvigorate multilateralism.”<\/p>\n

“And this requires the courage to compromise for the common good. It requires effective international institutions in rooted in 21st century realities, based on the U.N. charter and international law.”<\/p>\n

The last day of the Johannesburg BRICS summit saw the unveiling of new member states and a BRICS-Africa Outreach and BRICS Plus Dialogue.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The UN chief called Thursday (Aug. 24) the global financial structure ‘outdated, dysfunctional and unjust.’ Antonio Guterers said the “pandemic [had] underscored once again” the system’s flaws. “[The financial system] has failed in its basic function as a global safety net. And so, it needs deep structural reform,” he added. As he […]<\/p>\n","protected":false},"author":84,"featured_media":48103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,371,3861,6110,234,258,212],"class_list":["post-48104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-malawi","tag-antonio-guterres","tag-brics-summit","tag-malawi","tag-south-africa","tag-united-nations"],"yoast_head":"\nUN chief urges global financial architecture reform at BRICS Summit - Malawi<\/title>\n<meta name=\"description\" content=\"The UN chief called Thursday (Aug. 24) the global financial structure 'outdated, dysfunctional and unjust.' 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