The inequity in the global financial system is evident, with creditor nations imposing stringent lending terms that stifle the ability of poorer countries to prioritize public spending.
The upcoming summit in Seville represents a pivotal moment for the international community to address the financial injustices against the world's most vulnerable populations.
Currently, approximately $2 trillion annually is required to achieve the UN Sustainable Development Goals, but existing financial support falls significantly short of this need.
The foundation of today’s international financial architecture was laid at the Bretton Woods conference in 1944, originating institutions like the World Bank and IMF.
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