U.N. Secretary-General Antonio Guterres says the U.K.’s planned $2.1 trillion aid cut on Friday won’t significantly change his view that the world economy will be in better shape than at any point in history.
Guterres made the comments at a news conference in New York ahead of the start of a meeting with the Organization for Economic Cooperation and Development.
He said that the cut, which the U.”s had agreed on on Friday, would not affect his goal of “raising and maintaining the level of investment in the global economy.
“But he also said that, in the long run, the cut would probably make the world more volatile.
He told reporters that he was concerned that the $2 billion cut to aid will not be enough to stabilize the global outlook.
Guterrez says he expects more than $2 Trillion cut in aid to help stabilize global economy by 2019.
In the U, the IMF cut $400 billion from its global aid budget to help curb the global financial crisis.