“The global financial architecture is outdated, dysfunctional and
   unfair,” Guterres said.
   ----
   [1]https://www.politico.eu/article/united-nations-secretary-general-ant
   onio-guterres-backs-reform-security-council-financial-system/
   United Nations Secretary-General António Guterres backed the reform of
   the U.N. Security Council and the international financial system to
   align them with the “realities of today's world.”
   Both the U.N. body and the financial architecture reflect the power
   relations of 1945 and need to be updated, Guterres told a press
   conference Sunday on the margins of the G7 summit in Hiroshima, Japan,
   according to Reuters.
   “The global financial architecture is outdated, dysfunctional and
   unfair,” Guterres said. “In the face of the economic shocks from the
   COVID-19 pandemic and the Russian invasion of Ukraine, it has failed to
   fulfill its core function as a global safety net.”
   Guterres made the same point on Saturday, writing in a tweet that it
   was “time to think seriously about the reform” of the international
   financial architecture.
   The U.N. Security Council came under fire in April when Russia assumed
   the rotating presidency of the 15-member body despite the fact that 141
   countries condemned its aggression on Ukraine. Experts have claimed
   that Russia’s veto in the Security Council undermines the U.N.’s
   effectiveness on the international stage.

References

   1. https://www.politico.eu/article/united-nations-secretary-general-antonio-guterres-backs-reform-security-council-financial-system/