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      "text": "In response, the Forum launched the Navigating Global Financial System Fragmentation initiative, estimating that unchecked fragmentation could cost up to $5.7 trillion. The initiative seeks to promote understanding of the global financial system, raise awareness of the consequences of fragmentation and develop frameworks that protect the financial system during a period of rising geopolitical tensions. At the core of this effort is a commitment to eight foundational principles that underpin the global financial system, ranging from respect for the rule of law and property rights to the independence of fiscal and monetary policy, institutional integrity and interoperable financial infrastructures. Violating these principles could undermine the very integrity of the financial system and drive fragmentation, which would weaken trust, reduce efficiencies and jeopardize economic growth.",
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