S Jaishankar Calls for Global Governance Reforms at G20 Meeting in New York
External Affairs Minister S Jaishankar highlighted India’s views on key areas of global governance reform during his address at the second G20 Foreign Ministers’ Meeting of Brazil’s G20 Presidency. The meeting took place on the sidelines of the 79th United Nations General Assembly in New York.
Key Attendees
The meeting was chaired by Brazil’s President Lula da Silva and attended by South African President Cyril Ramaphosa, President of the General Assembly Philemon Yang, and UN Secretary-General Antonio Guterres.
India’s Key Areas of Reform
Speaking as a Troika member, Jaishankar highlighted three key areas of global governance reform:
- Reform of the UN and its subsidiary bodies
- Reform of the International Financial Architecture
- Reform of the Multilateral Trading System
Jaishankar recalled significant strides made during India’s G20 Presidency, including calls for expanding development and climate finance and encouraging MDBs to refine their vision and operational approaches.
UN Reforms
Jaishankar emphasized that the United Nations must evolve with the world, stating, “The UN remains a prisoner of the past, struggling to fulfill its mandate of maintaining international peace and stability.”
Brazil’s G20 Roadmap
According to the Ministry of External Affairs, the Brazilian Presidency’s 2024 G20 Roadmap aims for better, bigger, and more effective MDBs, building on the New Delhi mandate and recommendations from the 2023 G20 Independent Expert Group on Strengthening MDBs.
Call to Action
A Call to Action on Global Governance Reform was endorsed by the Foreign Ministers at the meeting. Jaishankar highlighted the urgency for UN reforms to ensure representative, credible, and effective multilateralism.
Social Media Post
In a post on X, Jaishankar said, “Spoke at the G20 Foreign Ministers’ Meeting in New York today on the theme ‘Global Governance Reforms’. Highlighted the urgency of UN reforms to ensure representative, credible, and effective multilateralism. Includes expansion of UNSC in both categories.”
He also noted the need for a robust international financial architecture and comprehensive WTO reforms to ensure a fair multilateral trading system.
Doubts Revealed
S Jaishankar -: S Jaishankar is India’s External Affairs Minister. He is responsible for managing India’s relationships with other countries.
Global Governance Reforms -: Global Governance Reforms are changes to how international organizations and systems are run to make them fairer and more effective.
G20 -: The G20 is a group of 20 major economies, including India, that meet to discuss and solve global economic issues.
New York -: New York is a big city in the United States where many important international meetings take place.
UN -: The UN, or United Nations, is an international organization that works to maintain peace and cooperation between countries.
International Financial Architecture -: International Financial Architecture refers to the global system of financial institutions and rules that manage money and economic policies between countries.
Multilateral Trading System -: The Multilateral Trading System is a global system where many countries trade goods and services with each other under agreed rules.
WTO -: The WTO, or World Trade Organization, is an international body that sets rules for global trade to ensure it is fair and smooth.
Lula da Silva -: Lula da Silva is the President of Brazil, a country in South America. He chaired the G20 meeting mentioned in the summary.
