The United Nations Secretary-General Antonio Guterres has emphasized the need for reform in both the Security Council and Bretton Woods institutions to align with the realities of today's world.
Speaking at a press conference in Hiroshima, Japan, following the G-7 summit, Guterres on Sunday highlighted how these institutions still reflect power relations from 1945 and have failed to adapt to the changing global landscape.
Guterres noted a growing consciousness among developing countries at the G-7 summit.
He stated that insufficient action is being taken to reform outdated institutions and address the frustrations of the Global South.
With India's economy projected to grow over 6% in the coming years and China and India contributing to nearly 50% of global growth in 2023, there is a shifting economic landscape that necessitates a more inclusive and representative global governance structure.
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