UN chief urges business to help poor nations

UN Secretary-General Antonio Guterres has appealed to business leaders to support developing countries "in their hour of need" with access to Covid-19 vaccines, help to combat the climate crisis and reform of the global financial system."Across all three of these areas, we need the support, the ideas, the financing and the voice of the global business community," the UN chief said.

"We cannot afford this kind of instability," said Guterres, who began a second five-year term as UN chief on January 1. "We need a global financial system that is fit-for-purpose. This means urgent debt restructuring and reforms of the long-term debt architecture," Guterres said.

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