“We need to reform the global financial system so that it works for all countries.
More than eight out of ten dollars spent on recovery are spent in developed countries, ”RIA Novosti quoted Guterres as saying.
He noted that low-income countries are at a very disadvantageous position.
The global financial system failed low-income countries when they needed it most, he said.
Guterres also called during a video message to strengthen monitoring and develop rapid response measures in preparation for the next pandemic.