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
Iranian media: Documents indicate that Merav Zafary-Odiz was tasked with stoking confusion about Iran's peaceful nuclear program
Iranian media: The documents indicate that Merav Odiz was tasked with diverting world opinion away from "Israel's" non-peaceful nuclear program
Iranian media: Documents reveal direct coordination between the Zionist entity's representative, Merav Zafary-Odiz, and Grossi
Iranian media: One document reveals that Merav Zafary-Odiz, "Israel's" representative at the agency, requested an immediate meeting with Grossi on May 10, 2016
Iranian media: One document reveals coordination between the [Israeli] entity and Grossi to incite tensions against Iran just five months after the nuclear agreement was concluded
Iranian media: Documents confirm that Grossi began his cooperation with the entity in 2016 and coordinated reports against Iran's peaceful nuclear activities
Iranian media on released documents seized from "Israel": The special relationship between the International Atomic Energy Agency and the Zionist entity began upon the arrival of the current IAEA Director General, Rafael Grossi
Fars: The released documents show that IAEA chief Grossi has been completely coordinating with "Israel" and has been carrying out "Israel's" orders
Fars News Agency publishes first batch of documents that the Iranian Ministry of Intelligence seized through its intelligence operation
Joint statement: Iran, in response to the IAEA decision, will replace first-generation centrifuges at the Fordow nuclear facility with advanced sixth-generation centrifuges

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 logo of the Iranian Ministry of Intelligence (wikidata)

Iran acquired thousands of sensitive Israeli documents: Exclusive

  • Politics
  • 7 Jun 2025
Iranian demonstrators walk on a caricature of the Israeli Prime Minister Benjamin Netanyahu during the annual Quds Day rally in support of Palestinians, in Tehran, Iran, Friday, March 28, 2025 (AP)

Iran hits 'Israel' hard without arms; intel breach lays Tel Aviv bare

  • Politics
  • 7 Jun 2025
Iranian Intelligence Minister Esmaeil Khatib in an undated photo (Nournews)

Iranian security minister reveals major intelligence haul on 'Israel'

  • Politics
  • 8 Jun 2025
IAEA leaked to 'Israel' confidential communications with Iran: Fars

IAEA leaked to 'Israel' confidential communications with Iran: Fars

  • MENA
  • 10 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Police officers stand guard at the entrance of Lancaster House, where the trade talks between the U.S. and China are taking place, in London, Monday, June 9, 2025. (AP Photo/Kin Cheung)
Economy

Trump claims US-China trade deal finalized, awaits Xi's approval

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference in occupied al-Quds, Wednesday, May 21, 2025. (AP)
Politics

Netanyahu seeks US-mediated 'peace talks' with Syria's interim govt.

A Pro-Palestinian demonstrator waves a flag on the Brooklyn Bridge during a march Thursday, May 15, 2025, in New York. (AP)
Politics

US pressures countries to boycott UN summit on Palestine recognition

A man waves a flag with a portrait of Russian President Vladimir Putin as thousands gather on Red Square to watch a concert dedicated to the upcoming Day of Russia in Moscow, Russia, Wednesday, June 11, 2025 (AP)
Politics

Yemen’s al-Mashat congratulates Putin, hails Russia’s global role

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