Martín Guzmán highlights the flaws in global debt markets and calls for a reimagined financial architecture to address inequality and instability. He explains the challenges faced by developing nations due to procyclical capital flows and the lack of a structured framework for debt restructuring. Guzmán critiques the power dynamics that favor creditors over debtors and emphasizes the need for a fairer international financial system to support sustainable development. His insights call for global cooperation to create a more balanced and effective financial architecture.
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