UN Chief, António Guterres, has issued a warning that sustainable development underpinned by international cooperation is in trouble. Addressing the opening session of the 4th Financing for Development Conference, he noted that multilateralism is struggling, as is trust between the major actors. He said he saw three areas of action:

First — we must get resources flowing. Fast.
Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.
And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world.

And, he said, we need a fairer global tax system shaped by all, not just by a few.