UN Chief Says It's Time to Reform Security Council, Bretton Woods
TEHRAN (Tasnim) – UN Secretary General Antonio Guterres said on Sunday that it was time to reform both the Security Council and Bretton Woods to align with the "realities of today's world".
Speaking at a press conference in Hiroshima, Japan, where the Group of Seven summit meeting had been held, Guterres said both institutions reflected the power relations of 1945 and needed to be updated, Reuters reported.
"The global financial architecture is outdated, dysfunctional and unfair," he said. "In the face of the economic shocks from the COVID-19 pandemic and the (war in) Ukraine, it has failed to fulfill its core function as a global safety net."
