Global governance institutions far from 2Ist century realities, need reforms: PM

Prime Minister Narendra Modi on Sunday pitched for reforms of global governance institutions at the India-Brazil-South Africa (IBSA) Leaders’ Meeting, saying they were far removed from the realities of 2Ist century and did not represent today’s world.

- Rahul Singh

“We all agree that global institutions do not reflect the realities of the 2ist century. None of us is a permanent member of the UN Security Council. This clearly demonstrates that global institutions no longer represent today’s world. IBSA must send a unified message to the world—institutional reform is not an option but an imperative,” he said at the IBSA meeting held on the sidelines of the G20 Summit in Johannesburg.

These institutions include the UN, World Trade Organisation, World Bank and International Monetary Fund.