In the context of global economic governance, the 'Bridgetown Initiative' is associated with:
A.Only monetary-policy coordination among advanced economies
B.Only bilateral aid without systemic reform
C.Proposals to reform the international financial architecture to better address climate vulnerability and development needs of small and vulnerable states
Explanation:
The Bridgetown Initiative, championed by Barbados, calls for major reforms of the global financial system—including debt relief, new liquidity instruments and scaled-up climate finance—to meet the needs of climate-vulnerable developing countries.
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