UN Secretary General Antonio Guterres speaks during his bilateral meeting with Indonesian President Joko Widodo on the sidelines of the Association of Southeast Asian Nations Summit in Jakarta, Indonesia, Thursday, Sept. 7, 2023. Tatan Syuflana/Pool via REUTERSJAKARTA, Sept 7 - The world risks a "great fracture" of its economic and financial systems, U.N.
He called for a mechanism to provide relief for debt-strapped developing economies, to include payment suspensions, longer lending terms and lower interest rates. At a Paris summit in June this year, world leaders backed a push for multilateral development banks like the World Bank to put more capital at risk to boost lending.
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