New Delhi, April 16 -- UN Secretary-General Antonio Guterres on Thursday took to social media platform X to announce the launch of The Borrowers Platform, a UN-supported mechanism launched this week that is a dedicated space for developing countries that are borrowers to come together, share knowledge, exchange experiences and speak collectively on debt issues and dealing with creditors.

Speaking at the launch, UN Secretary-General Antonio Guterres called it "a historic meeting" and "a breakthrough in global financing." He added, "We live with a deeply unfair international economic and financial ecosystem and a deeply unfair international financial architecture." The problem, he said, is power. "Those that have dominated the internationa...