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UN Secretary-General António Guterres links development shortfall to rising conflict, urges debt relief and finance reform
Summary
United Nations Secretary-General António Guterres told member states that sustained investment in development is the best prevention against conflict and called for urgent debt relief and reform of the global financial architecture to close an estimated $4 trillion annual financing gap for developing countries.
United Nations Secretary-General António Guterres told member states that sustainable development is the first line of defense against conflict and urged urgent debt relief and reform of the global financial architecture to close what he called a $4,000,000,000,000 annual shortfall in financing for developing countries.
Guterres said poverty, inequality and weak institutions feed instability and conflict, noting that "the flames of conflict are too often lit and fed by persistent poverty and growing inequalities." He cited several figures to underline the scope of the problem: that 40% of the roughly 700,000,000 people living in extreme poverty live in conflict-affected or fragile settings; that conflicts are displacing "more than 120,000,000 people"; and that nine of…
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