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Power dynamics control credit rating agencies

U.N. Secretary General Antonio Guterres accuses credit rating agencies of being controlled by G-7, with unfair ratings for S.I.D.S.

Power relations and dynamics are being blamed for unfair credit ratings against Small Island Developing States by the United Nations Secretary General, Antonio Guterres. He made these statements while addressing a press conference on the Bridgetown 3.0 initiative, one of the programs being adopted by the 4th International Small Island Developing States Conference.

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