UNGA president urges reforming ‘uncompromising’ financial systems, says they keep developing countries trapped in debt

Csaba Korosi, president of the 77th session of the UN General Assembly (UNGA), has called for reforming the current financial systems, which, he said, are “uncompromising” and keep developing countries “trapped in a vicious cycle of debt and interest”

“We can no longer tolerate the uncompromising financial systems that keep developing countries trapped in a vicious cycle of debt and interest.”