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Venezuela's top diplomat calls for new international financial architecture

By IANS | Updated: September 24, 2024 10:55 IST

Caracas, Sep 24 Venezuelan Foreign Minister Yvan Gil called for an overhaul of the international financial architecture in ...

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Caracas, Sep 24 Venezuelan Foreign Minister Yvan Gil called for an overhaul of the international financial architecture in an address to the UN 'Summit of the Future', local media reported.

The current architecture is designed "to perpetuate a model of domination and dependence," said Gil, stressing his country's demand for an end to unilateral coercive measures, or sanctions, as a way to enable global development, according to Xinhua news agency.

He deemed it "urgent to guarantee a balanced implementation of the three pillars of the United Nations (peace and security, human rights and development), as well as to ensure a peaceful, prosperous, just and equitable world order."

"In addition to living in peace, our people deserve to live better, in that sense we are convinced that the right to development must be the driving force and goal of our organisation," he added.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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