Cuban foreign minister calls for a new financial system
‘Instead of a ‘new architecture’ for an old and outmoded system, it is urgent to demolish the established financial system and create another truly honest, democratic, equitable and humane that helps eradicate poverty and save the world,’ Fidel Castro said.
On Saturday, UN Secretary General Antonio Guterres warned this is a problem that has increased for the first time in two decades, influenced by inequalities between the north and the south.
Guterres said that the Covid-19 pandemic empoverished 120 million people more last year and called to eradicate poverty, fight excessive indebtedness and guarantee investment for recovery in the most needy countries.
He added that the number of women living in extreme poor conditions far exceeds men, and the 22 richest individuals of the world are wealthier than all African women.