The Bank for International Settlements' general manager said the key policy challenge remains fully taming inflation.
The Bank for International Settlements cautioned the final stretch toward global financial stability will depend on taming inflation, and it will be painful.
In its annual economic report on Sunday, the Basel, Switzerland-based BIS noted the global economy has reached a "critical and perilous juncture" as central banks tighten monetary policy to bring inflation back under control.
Some pointed to a recent landmark human rights ruling on climate change as a potential use for a Global Plastics Treaty.
Environmentalists said they were disappointed the treaty talks did not address plastic production measures.
The chair of the talks called for optimism despite divisions among plastic-producing nations and those urging restraints.
The wars in Europe and the Middle East, climate change and soaring national debts hung over the annual talks.
An international entity for food security known as IPC said that famine is projected to occur by May in Northern Gaza.
Reporters Without Borders warned that governments' support for press freedom around the world has been shrinking.
Negotiators must juggle the promotion of health access and global equity with reaffirmation of nations' sovereignty.
Russia is shipping refined petroleum to North Korea, which is supplying Russia with weapons against Ukraine, officials say.
