Rewire financial system to aid climate-hit nations: UN chief
The world needs to rethink the international financial system to provide debt relief to countries battered by devastating and costly climate impacts like Pakistan, UN chief Antonio Guterres said Monday.. "It is important to review the way the international financial system works in order for Pakistan to have access to effective debt relief," he said, as well as to access "concessional funding" needed for the "huge" levels of reconstruction.