Core Points - The first United Nations Global Summit on Sustainable, Inclusive, and Resilient Global Economy was held to address challenges in development financing and to call for reforms in the global financing framework [2] - UN Secretary-General António Guterres emphasized the need for reform in the international financial architecture due to the declining share of wealthy countries and the rising importance of emerging economies [2] - The funding gap for sustainable development goals is estimated at $4 trillion annually, highlighting the need for greater representation of developing countries in international financial institutions [2] - IMF President Kristalina Georgieva noted that global public debt could approach 100% of GDP by 2030, necessitating structural reforms to unlock private sector investment [3] - The WTO Director-General emphasized the need for deep reforms in the global trade system to allocate scarce resources more effectively [3] - South African President Cyril Ramaphosa called for coordinated efforts among global financial institutions to ensure that global rules are established collectively, not just by a few countries [3][4] Additional Context - The summit was proposed by Guterres in the 2021 report "Our Common Agenda" [5]