Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected

UN chief warns of fragmentation in global finance system

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Sep 2023 12:01
3 Min Read

In his comprehensive address, Guterres urges world leaders to seek peaceful and inclusive resolutions for the world's pressing challenges.

  • x
  • UN Secretary General Antonio Guterres gestures as he speaks to the media during a press conference on the sidelines of the ASEAN summit in Jakarta, Sep. 7, 2023. (AP)
    UN Secretary-General Antonio Guterres gestures as he speaks to the media during a press conference on the sidelines of the ASEAN summit in Jakarta, September 7, 2023. (AP)

UN Secretary-General Antonio Guterres, during a summit involving Southeast Asia's ASEAN bloc, China, the US, and other nations in Indonesia, warned that the global economic and financial systems are at risk of a significant fracture.

In his comprehensive address covering topics like geopolitical tensions, multilateral development finance, and climate change, Guterres urged world leaders to seek peaceful and inclusive resolutions for the world's pressing challenges.

"There is a real risk of fragmentation – of a great fracture in world economic and financial systems; with diverging strategies on technology and artificial intelligence and conflicting security frameworks," he said.

He advocated for the establishment of a mechanism aimed at offering assistance to financially burdened developing nations. This assistance would encompass measures such as debt payment suspensions, extended lending terms, and reduced interest rates.

Additionally, he expressed his backing for reallocating an extra $100 billion in International Monetary Fund's Special Drawing Rights via multilateral development banks. This reallocation is intended to bolster liquidity and cater to the requirements of developing economies.

Read more: ASEAN urges US to be 'positive force' in Indo-Pacific: Widodo

Related News

7 arrested in Germany for financing $71,552 for IS terrorist activity

Shekel weakens against USD after Gaza rocket retaliation

In 2021, wealthy nations reached an agreement to redirect the untapped resources of an international reserve currency to support less affluent countries.

During a summit in Paris in June of this year, global leaders endorsed an initiative calling for multilateral development banks, such as the World Bank, to increase their commitment to riskier investments in order to facilitate more extensive lending.

World Bank President Ajay Banga presented a comprehensive strategy, often referred to as a "toolkit", at the same summit. This toolkit encompasses various measures, including the suspension of debt repayments, granting nations the flexibility to reallocate funds for emergency responses, offering new forms of insurance to support development projects, and assisting governments in constructing advanced emergency systems.

Myanmar crisis worsening

Guterres also expressed "grave concerns" regarding the deteriorating political, humanitarian, and human rights circumstances in Myanmar, a country plagued by conflict since the military coup in 2021.

"I reiterate my urgent call on the military authorities of Myanmar to listen to the aspirations of its people, release all political prisoners, and open the door to a return to democratic rule," he said.

In a declaration released on Wednesday, Indonesia, serving as the chair of ASEAN, conveyed that regional leaders had voiced "serious apprehension" regarding the limited headway made on their five-point peace strategy for Myanmar.

Later on Thursday, ASEAN leaders are scheduled to engage in discussions with the UN.

Read more: Myanmar's Suu Kyi granted partial pardon by Myanmar Junta

  • Finance
  • United Nations
  • Antonio Guterres
  • Myanmar

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS